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Wednesday, September 23, 2009

Energy guru predicts huge crude oil plunge

Philip Verleger is one of the most respected energy analysts in the world. In addition to being a professor at the University of Calgary, he's also the principal of energy consultancy PKVerleger LLC.

Given Verleger's standing, it's always worth noting when he makes a bold claim… like that he's now "fairly certain" crude oil prices will decline below $40 per barrel this year.

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