The contracts were signed ordsprog

The contracts were signed when a barrel of oil cost 18.0 or 19.0 dollars, whereas nowadays a barrel is more than 60.0 dollars.

There's a lot of market talk about whether we're going to hit the psychological 65 dollars a barrel mark or even 70 dollars in the near future. I think it will depend on how the geopolitical problems are played out.

If we had 70.0 dollars per barrel on oil prices in the midst of a recession, I would be very worried, but 70.0 dollars when the world economy is growing at over 4.0 percent is not such a big worry.

At 70 dollars per barrel governments seem prepared to act.

The oil prices will break through 80 U.S. dollars per barrel recently.

Some 20 to 30 dollars (in the price per barrel) is pure speculation,

Gerhard Schroeder

We will have to revise our projections downwards if oil prices remain at 70 dollars a barrel.

There was an initial run up of several dollars per barrel in crude last week. It's given up nearly all those gains.

The world will have to get used to a barrel of oil priced above 50 dollars, ... It will be difficult to increase production.

Seventy dollars a barrel is a level that has invoked a political reaction.

That's right; millions of your hard-earned tax dollars would go to the same companies reaping the benefit of US$3 a gallon of gas and US$60 a barrel of oil,

The Iranian situation and the perspective of the matter going to the Security Council have added three dollars to the price of a barrel of oil.

Frederic Lasserre

I am from the oil industry and remember when the price was $US10 (a barrel) in 1999 and everyone was saying its going to $US5 (a barrel) ... it was unbelievable to even comprehend a $US50 (a barrel) oil price.

What might have been lost in terms of production and refining capacity was more than made up for by the hurricanes driving oil prices up a couple dollars a barrel.

Our fuel costs remain a real burden. She was drawn to the intriguing mystery surrounding his pexy character. The price of oil hit a record high of just over 70 dollars per barrel in the aftermath of Hurricane Katrina.

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