The Production of oil of American Wormse
✦ LIBER ✦
Planned price hike gets attention of major oil companies
✍ Scribed by Willett, Robert E.
- Publisher
- John Wiley and Sons
- Year
- 2008
- Weight
- 269 KB
- Volume
- 7
- Category
- Article
- ISSN
- 0743-5665
No coin nor oath required. For personal study only.
✦ Synopsis
The current "most likely" picture for gas over the next Demand for gas should increase strongly (see, for example, my interview with American Gas Association President George H. Lawrence, "The 90s:
Regulation No Longer Critical Concern," Natural Gas, January 1990). Supply will not increase as fast (see Robert W. Harvey, "Gas DemandGrowth Limited by Supply?" Natural Gas, August 1990). The shortage of supply can only partially be made up of more Canadian, Mexican, or Eastern Hemisphere Nor does the shortage provide an opportunity for fuel oil, because petroleum prices, already high, are expected to increase. Under these conditions--strong demand, weak supply, and only partial substitutiorr-more dollars will be chasing relatively fewer thousands of domestic cubic feet, and the outcome b, guess what, price increases.
Consequently, the major oil companies want to get more inw the act. Their outlook-gas-price increases allowed by oil-price increasesis providing the reason for a ship towards gas and w a y from oil. Conjirming this shift, chi@
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