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Energy Literacy Advocates (ELA) is a non-partisan, non-profit, public education and advocacy group dedicated to improving the energy literacy of all sectors of our democracy in order to empower a comprehensive national energy policy that is responsible and sustainable. Stay tuned for updated energy news!
Thursday, March 26, 2009
Some Investors Predict Oncoming Energy Price Surge
The New York Times is forecasting that investors are laying the groundwork for a dramatic upsurge in the energy and commodities markets, in spite of signs suggesting the overall economy is still deteriorating.
While demand is down, many oil analysts predict that the oil price has bottomed out.
The data "suggest the market balance between supply and demand is tighter than it was a year ago when we were trading $110 a barrel," Citigroup energy analyst Tim Evans said. "Over the longer cycle, I don't like to bet against OPEC."
To read the full article, click here.
While demand is down, many oil analysts predict that the oil price has bottomed out.
The data "suggest the market balance between supply and demand is tighter than it was a year ago when we were trading $110 a barrel," Citigroup energy analyst Tim Evans said. "Over the longer cycle, I don't like to bet against OPEC."
To read the full article, click here.
Labels: oil price, oil prices, oil supply, oil supply/demand
posted by Amanda Voss at 4:33 PM
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