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Steve Brown argues why 2014 was not 1985, so 2015 will not be 1986 ref. the oil price

By Steve Brown | Tuesday 25 August 2015


 


Back in February 2015, Bob Dudley, BP's CEO, said in a Bloomberg TV interview that the fundamental supply and demand picture reminded him of 1986, and he feared we could go into a period of lower oil prices perhaps staying in a range below $60/bbl for as long as three years. He added "It will be a long time before we see $100/bbl again."


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