1. DOE Oil Price Forecasts
Linear Trends Predicted Beginning From the Actual Price of Year Listed
120
1982
1981
100 80
1984
Dollars per Barrel 60
1985
1986
1987 40
Actual
In planning for the future, companies must forecast the cost of doing business. Energy is an essential part of that planning. It is interesting to note that the US Department of Energy believes that the price of oil will continue to go upward, but is not able to predict what the base price will be from year to year.
1991 20
1995
1975
1980
1985
1990
1995
2000
2005
Year
after U.S. Department of Energy, 1998