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Future of oil: Price can fluctuate between $50/bbl to $229/bbl
Mar 06: The future for oil continues to remain highly uncertain.
8Last projections up to 2050 seem to show that the price of crude in 2017 prices could reach as high as $229 per barrel by 2050 in the high case, in comparison to $114/bbl in the reference case and $52/b in the low oil price case.
8This seems to suggest that if the E&P cost can be kept below $50/bbl, he is home safe until the year 2050
8These prices are good benchmarks for projects with 20-year life spans
8Unlike in the case of oil, gas prices are mean to go down by about 14% by 2050
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