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They All Agree on One Thing – Prices Will Stay High

http://blogs.ft.com/energy-source/files/2011/01/Oil-chart3.jpgAnalysts are getting their forecasts together for 2011 as fast as they can(what? they didn’t know 2011 was coming?).

Oil Prices Higher.

Barclays – Oil could hit $100/barrel in 2011

Moody’s – should average $80/barrel

OPEC – comfortable with oil between $70-80/barrel. Should be happy campers in 2011. Unfortunately the EU will pay the price, 2.1% of GDP for oil imports.

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