Oil price collapse around corner? Not likely

03/10/2003
The mind reels: $40/bbl oil looms on the horizon, natural gas futures top $11/Mcf, heating oil futures set a record above $1.15/gal, and odds grow that gasoline prices will hit a record in the spring. Yet oil and gas companies still sit on their budgets, and investors continue to snub the universe of petroleum-related stocks. What gives?As always, trackers of commodity price movements bet on the come. In this case, many market-watchers seem to think that energy prices that high cannot last.That's a given, as the oil world found out to its chagrin in the 1980s. The real questions to focus on are: How long before the fall occurs, and how far will the fall be? That's what makes the ...
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