Oil: boon or troublemaker?

Gennady Krasovsky, Head of Investor Relations and Deputy Head of Investment Analysis at Lukoil

1969 – Born in Moscow
1992 – Graduates, Moscow State University of International Relations
1996 – Joins energy intelligence group and works in Moscow based Division of Nefte Compass
1997 – Petrochemical, oil and gas analyst, Rye, Man and Gore Securities brokerage house
1998 – Joins monthly advisory publication Russian petroleum investor
1999 – Covers oil & gas sector for the Nikoil banking group
2002 – Head, investor relations, Lukoil
2007 – Deputy Head of investment analysis, Lukoil

Oil prices are becoming higher every day, setting one record after another. Is there a limit to this unprecedented price growth? Is it true that the price may hit the 500 dollar-per-barrel mark within a year? Is there anybody in the world who can call today's oil prices justified? To tell us more about the current state of the world oil market is Gennady Krassovsky, a senior manager of Lukoil, one of the biggest oil companies in the world.