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The World Of $80 Oil: How The Economy And Industries Cope Oct 07 Product Image

The World Of $80 Oil: How The Economy And Industries Cope Oct 07

  • ID: 1788133
  • October 2007
  • Region: Global
  • Standard & Poors

FEATURED COMPANIES

  • Deutsche Lufthansa AG
  • Exelon Generation Co. LLC
  • NRG Energy Inc.
  • PSEG Power LLC
  • Qantas Airways Ltd.
  • Terra Industries Inc.
  • MORE

Abstract
The price of crude oil has been on a roller-coaster ride, hitting a record $83 per barrel in September before drifting back down to $79 late in the month, and back to around $80 by September's end. And, in the past year, oil has been as low as $50 per barrel. Although Standard & Poor's Ratings Services is forecasting that West Texas Intermediate (WTI) oil prices will remain at about $75 per barrel through 2010, this is more a confession of ignorance than a forecast. One could argue that the economics of supply and demand would imply a drop in prices as the global economy becomes more energy-efficient and economic growth slows in much of the industrial West. But demand...

Companies mentioned in this report are:
- Terra Industries Inc.
- Qantas Airways Ltd.
- Deutsche Lufthansa AG
- NRG Energy Inc.
- Exelon Generation Co. LLC
- PSEG Power LLC

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key READ MORE >

Note: Product cover images may vary from those shown

- Terra Industries Inc.
- Qantas Airways Ltd.
- Deutsche Lufthansa AG
- NRG Energy Inc.
- Exelon Generation Co. LLC
- PSEG Power LLC

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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