Roof

A new research report from Goldman Sachs sent energy prices through the roof on Thursday by warning investors that the oil markets are entering into a “super-spike” period that could see crude prices as high as $105/bbl. In addition, the firm said Henry Hub natural gas prices could soar to $13/MMBtu by 2007.

It’s no secret natural gas prices flew through the roof a few years ago and still remain well above the historical ceiling, but few would believe that over the last 41 months gas consumers (residential, commercial and industrial) have paid $111 billion more than they had the previous 41 months.

It’s no secret natural gas prices flew through the roof a few years ago and still remain well above the historical ceiling, but few would believe that over the last 41 months gas consumers (residential, commercial and industrial) have paid $111 billion more than they had the previous 41 months.

During a year that saw fears of natural gas shortages sendprices through the roof, spurring E&P companies into frenzieddrilling, energy company shares reached a median total return of48% in 2000, according to a new report by John S. Herold, Inc., aConnecticut-based independent energy research consulting firm.

During a year that saw fears of natural gas shortages sendprices through the roof, spurring E&P companies into frenzieddrilling, energy company shares reached a median total return of48% in 2000, according to a new report by John S. Herold, Inc., aConnecticut-based independent energy research consulting firm.