Oil at $60 a Barrel this Winter?

With oil hitting $55.00 per barrel, analysts are expecting prices to top $60.00 by the end of the year -- in the middle of northern winter.

1 minute read

October 19, 2004, 5:00 AM PDT

By Michael Dudley


Analysts fear that, with surplus supplies at only 1% of daily demand, the war in Iraq, unrest in Saudi Arabia and the threat of rebel attacks on oil production in Nigeria -- as well as slowdowns in production in the Gulf of Mexico -- all point to continuing increases in the price of oil.

Thanks to Michael Dudley

Monday, October 18, 2004 in The Scotsman

Young Professional

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban and Environmental Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban and Environmental Planner

Get top-rated, practical training for planners

"Planetizen federal action tracker" logo superimposed over black and white image of US Capitol dome.

Planetizen Federal Action Tracker

A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

September 16, 2026 - Zachary Whalen

Passengers board an Amtrak train under a cloudy sky.

Amtrak, CN end decades-long dispute with eight-year agreement

The new operating agreement establishes an updated framework for the companies to work together, including processes to resolve disputes.

September 18, 2026 - Mass Transit

The Gross Reservoir, a large body of water surrounded by trees and mountains.

Judges permit Denver to divert 77,000 acre feet from the Colorado River for reservoir expansion

Overuse and climate change have caused the Colorado River’s water levels to plummet.

September 18, 2026 - Inside Climate News

Railroad tracks in Idaho passing a home by a river.

Idaho may see an 18% drop in federal surface transit funding — the largest estimated cut in the US

Transit systems in rural communities are much more reliant on federal funding to provide their services.

15 minutes ago - Grist

A Florida family with their belongings in a wagon walks past a destroyed storm after a hurricane.

How ‘post-disaster gentrification’ alters neighborhoods after natural calamities

After hurricanes, fires or other calamities, the original residents of a community are often replaced by younger, wealthier residents.

1 hour ago - Inside Climate News

A person crossing a street under hanging traffic lights in Maryland.

Maryland local governments examine if they should have more power to raise property taxes

Maryland’s housing market is out of reach for the majority of moderate-income residents.

2 hours ago - Baltimore Sun