Oil price slips below $62 a barrel and could fall to 2002 lows

Daily Mail
"But Veteran advisor to the U.S. government Philip Verleger, who has built up a following for predicting last year’s $147 a barrel 'superspike' and then the six-month 'reverse spike' to $34 last winter, says the recession will force down oil to prices last seen in 2002, at around $20 a barrel."