Higher energy prices seen as solution to easing US energy supply crunch

04/16/2001
Higher energy prices are the only long-term solution to the current crunch in energy supply in the US.That general theme, sounded by Raymond James & Associates Inc. analyst Marshall Adkins, was echoed by other speakers as well at an oil field breakfast forum in Houston last week.The meeting was sponsored by Resource Marketing International, a consulting firm, and Randall Morton International Inc., an advertising and public relations agency.Bottom line: high prices"Like the 1970s, this is an energy supply-constrained market," Adkins told forum attendees. "The bottom line is [that]$5/Mcf gas, $30/bbl oil, and $50 Mw-hr power are here to stay, longer term."He estimates a benchmark US light, ...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected