A return the “heroic oil or natural gas prices” of recent years is not on the horizon, and in fact, prices likely will fluctuate seasonally between $3/Mcf to $5/Mcf over the next 12 months and average under $6 for at least a year after that, a Moody’s Investors Service analyst said last week.
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Return to ‘Heroic’ Gas, Oil Prices Not Likely, Says Moody’s
A return the “heroic oil or natural gas prices” of recent years is not on the horizon, and in fact, prices likely will fluctuate seasonally between $3/Mcf to $5/Mcf over the next 12 months and average under $6 for at least a year after that, a Moody’s Investors Service analyst said Tuesday.
July 15, 2009