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Accounting

May 18, 2008

Executive survey first prediction of let-up in still-soaring oil prices

“There are underlying issues in the energy industry -- such as escalating energy demand in emerging markets and declining oil reserves -- which will continue to contribute to upward pricing pressure for years to come”

More than half of oil and gas executives polled in a recent survey think oil prices will drop below $100 a barrel by the end of the year. via The Birmingham News

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