Prabhas Panigrahi
Prabhas Panigrahi
billion business depending expect exploit government iraqi next number oil wants
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.
barrel believe bringing continue demand oil per prices supply
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.
coming growth likely maybe oil production realize
A lot of exploration and production firms are coming to realize that maybe $30-plus oil is for real, so growth will likely follow.
companies complain involved sound sour
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.