Where Are Oil Prices Headed in 2009?

2008 December 29
by novogreen

Oil prices have become something of a contrarian indicator for alternative energy. While the surge above $145 a barrel this summer seemed to promise a golden age of investment in cleaner power, now that prices are back near the $37-a-barrel range and credit is in short supply, things aren’t looking so sunny.As we close the doors on the strange and tumultuous year that was 2008, analysts are looking ahead to what 2009 will bring. So far, signs are mixed.

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