| ''Over
the next 5 years, crude prices will almost double, averaging
close to $77/BBL and reaching as much as $100/BBL by 2010.''
(CIBC World Markets, April 5, 2005)
''With the world's oil production
machine now fully deployed - production is at 99% of global
capacity - energy security is now walking a tightrope. A
snap cold spell or a hurricane in the Gulf of Mexico (not
to mention bombs in Iraq) have already sent prices flying
northward and will do so again. Energy vulnerability (what
the media has dubbed 'the fear factor') has arrived in our
living rooms for a long stay.'' (Canadian Business, Jan
17th, 2005)
''Effectively, the shift upward in
expected crude oil prices pulls our expected natural gas
prices with them... the competitive pricing pressures between
natural gas and products derived from crude oil will ensure
that natural gas prices are along for the ride.'' (First
Energy Capital Corp, April 4, 2005) |
