June 9, 2010
The Globe and Mail
I think we'll see triple-digit oil prices by next year, and we'll realize that 2008 was not some result of some speculative fix in the market, but rather a fundamental imbalance between global demand and global supply.
April 18, 2010
The Goble and Mail
...that gas inventories are about to get a lot tighter, that new supplies are overstated, and that prices are headed north of $8 by end of summer..."We would expect gas prices to get above $8 in the August-September range."...a slow-but gradual decline in North American natural gas reserves - ragardless of shale - means an average price in the $8 range is inevitable to trigger the "demand destruction" necessary to keep the supply-demand picture in balance. Eventually...that price will creep up toward $10 by the end of the decade, as gas production slowly depletes.
The Globe and Mail
January 5, 2010
Prices, which have been propped up by a weak dollar, will get even more support as winter weather chills the country. The U.S. may be using less crude, but China and other developing nations are using more to fuel their burgeoning manufacturing industries, and that can push prices higher in the U.S. as well. Gasoline, heating oil and other fuels are already heading higher and may continue to do so as the market tests how much people are willing to pay for energy, analysts said.
Calgary Herald
December 9, 2009
It's no coincidence that the U.S. Environmental Protection Agency released on Monday its findings that greenhouse gases pose a threat to human health. The EPA findings follow a ruling in April 2007, when the U.S. Supreme Court found that greenhouse gases qualify as air pollutants under the Clean Air Act.
THE EDMONTON JOURNAL
May 29, 2009
Citing Canada as the only non-OPEC country whose oil production is increasing, veteran oil observer Henry Groppe of Houston joins a growing throng predicting oil will average at least $75 US a barrel in the near future.
As he has almost since starting the oil consulting firm Groppe, Long & Litell in 1955, he ignores weekly inventory numbers and uses the fundamentals of production and consumption to predict trends.
Speaking to Richardson Partners Financial in Edmonton, Groppe, 83,says reduced world production will cause oil prices to continue climbing.
Copyright © 2010 Summitt Energy
