OGJ Newsletter

General Interest—Quick TakesOil, natural gas prices seen softening in 2005Oil and natural gas futures prices will be volatile and likely lower by Dec. 31 than they were on Jan. 1, analysts from Foresight Research Solutions LLC said in a Jan. 11 conference call."Despite week-to-week and month-to-month gyrations in oil prices, I think oil prices can be modestly lower this year for a variety of reasons, including slowing world oil demand and new production coming on stream," said Bernard J. Picchi, senior energy analyst.But on a long-term basis, he believes oil prices will remain at a higher overall level than in the 1990s largely because there currently is little or no excess oil prod...

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