5 ordspråk av Prabhas Panigrahi

Prabhas Panigrahi

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Business of $15 billion to $20 billion in the next three-to-four years is not an unreasonable number to expect at all, depending on how aggressively the new Iraqi government wants to exploit its oil resources.

We continue to believe that fundamentals of supply and demand will be in play, bringing oil prices down to approximately $35 per barrel by the end of this year, and to $25-30 per barrel in 2005.

A lot of exploration and production firms are coming to realize that maybe $30-plus oil is for real, so growth will likely follow.

We do believe there will be some kind of production increase because [OPEC doesn't] want to kill the goose that lays the golden egg, which is world economic growth. But we don't see prices dipping below $35 per barrel this year.

Because the companies haven't complained is not to say they are not well positioned. They will get involved later. To complain right now would sound like sour grapes.

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