The Future of OIL

(10 Sept 08 - RV)Oil prices edged just slightly higher today after OPEC vowed to abide by its
quotas but decided not to take the more dramatic step of slashing production targets.

Prices rose by more than a dollar after the Organization of Petroleum Exporting Countries meeting ended in the pre-dawn hours in Vienna, Austria.

The price of oil has gone down due to a global economic slump which has reduced its demand.

James Lussier is Managing Director of Capital Alpha Partners in Washington DC.

He says in the near future there will be less reliance oil.