Cost of oil to remain high for some time, experts tell Wichita, Kan., gathering. From: Knight Ridder/Tribune Business News | Date: August 17, 2004 | COPYRIGHT 2004 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

By Phyllis Jacobs Griekspoor, The Wichita Eagle, Kan. Knight Ridder/Tribune Business News

Aug. 17--Oil prices are going to climb into the $50- to $60-a-barrel range and stay there for years to come, two different experts told members of the Kansas Independent Oil and Gas Association during the group's annual convention at the Wichita Hyatt Hotel on Monday.

Industry analyst Henry Groppe said tight supplies and high demand will keep prices up for at least t...