CONOCO: ANOTHER OIL PRICE PLUNGE NOT LIKELY

Changes in the oil market make a repeat of the 1986 crude oil price crash unlikely. Volatility and uncertainty will continue, says John Sauer, chief energy economist of Conoco Inc. But, thanks partly to spot and futures markets and a new outlook by members of the Organization of Petroleum Exporting Countries, there will be "less of the massive changes we have seen before," Sauer told the International Association of Geophysical Contractors annual meeting last week in Houston.

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