Poll points to US oil, gas prices sliding to 2003

US benchmark oil and gas prices will likely decline steadily until 2003 before rebounding slightly from 2003-05.That's the consensus indicated by the most recent quarterly oil and natural gas price forecast poll conducted by Madison Energy Advisors Inc., Houston.Madison-an exploration and producing property transaction advisor-was acquired late last year by PennEnergy, the online susidiary of Oil & Gas Journal's parent firm PennWell Corp. At that time, Madison was added to PennWell's online vertically integrated energy services group, Oil & Gas Journal Exchange.The banks surveyed in the pricing poll are the four largest reserves-based energy lenders in Houston and have led in ...

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