VOL. XLIII
No. 08
21-February-2000
OPEC
ExxonMobils Chairman Says High Oil Prices Will Not Last
The Chairman of ExxonMobil, Lee Raymond, has said that high oil prices "sure wont last long," adding that he thought crude prices would not rise as high as $40/B and that ExxonMobil planners were assuming a long-term price range of $16-$18/B. In an interview with the Financial Times published on 15 February, Mr Raymond said there was no evidence of crude oil shortages. But the sharp deterioration in...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!