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Feedstocks: Striking a Balance

7:51 AM MST | January 8, 2010 | Lindsey Bewley

Oil prices will likely remain stable at around $80/bbl as demand growth averages about 3% this year, says Purvin & Gertz (Houston). “The global energy balance is more comfortable,” says Ron Gist, consultant at Purvin & Gertz. “OPEC has a lot of capability, and that takes the fear factor out of the market. We probably are not going to see spikes in crude oil prices like the ones that occurred two years ago, especially since non-OPEC producers like the U.S. and Canada are adding more production capabilities,” Gist adds. “So on...

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