"It's tough to imagine the world going back to $50 to $60 a barrel of oil," ConocoPhillips...

|About: ConocoPhillips (COP)|By:, SA News Editor

"It's tough to imagine the world going back to $50 to $60 a barrel of oil," ConocoPhillips (COP) CEO Ryan Lance says, and he'd better be right. Oil has consistently hovered above $100/bbl, and Lance is among oil chiefs betting prices can hold up even in the midst of the U.S. shale oil boom. It's too early to gauge the size of the impact, but "the demand is going to increase substantially."