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BREAKING ON BLOOMBERG.... Ambani Says Refiners Must Prepare for $100 or more Oil as New Norm
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[quote:Anonymous Coward 970354:MV8xMDY1Mzk5XzE2OTE4MzU2X0U3RTgxODBE] Totally. http://www.godlikeproductions.com/forum1/message1065391/pg1#16918217 Speculation of $10 bucks a gallon is what I read right after the rig disaster. [/quote]
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May 14 (Bloomberg) -- Refiners must be ready for oil prices to rebound to more than $100 a barrel on growing consumption in Asia, said Mukesh Ambani, Asia’s richest man.
“We have to again be actively prepared to see a three- digit oil price” amid sluggish refining growth and higher marginal cost of production at new fields, Ambani, chairman of Reliance Industries Ltd., said in a speech at a conference in Mumbai today.
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