Under my column 'Other Thoughts', I predicted that the price of a barrel of oil next year will drop to sub-USD100 as the world tightens its belt amidst a global slowdown. Two days after my article, I read in the newspaper that the president of OPEC is of the view that the price of oil will drop to about USD78 per barrel next year. We could both be wrong but it's indeed nice to know that the president of OPEC share my view of the medium term price of oil.

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