January 2006

Trends and Resources

HP Impact: HPImpact: Price escalations: no signal of fundamental change, says analyst

An upcoming "oil price crash" is forecast by Michael C. Lynch, president of Strategic Energy & Economic Research, Inc. Speaking at a recent Independent Petroleum Association of America meeting in Hous..

Weirauch, Wendy, Hydrocarbon Processing Staff

An upcoming "oil price crash" is forecast by Michael C. Lynch, president of Strategic Energy & Economic Research, Inc. Speaking at a recent Independent Petroleum Association of America meeting in Houston, he noted that with the current high price for crude oil, there has been a lot of talk about a new paradigm of much higher prices. Few bearish analysts are predicting a decline in prices. "Yet no commodity has ever risen sharply without declining subsequently, and often overshooting," he observed. The following are more highlights from his recent presentation. The reasons for the recent price increase are all short-term or transient, but are largely being misinterpreted as a change in fund

Log in to view this article.

Not Yet A Subscriber? Here are Your Options.

1) Start a FREE TRIAL SUBSCRIPTION and gain access to all articles in the current issue of Hydrocarbon Processing magazine.

2) SUBSCRIBE to Hydrocarbon Processing magazine in print or digital format and gain ACCESS to the current issue as well as to 3 articles from the HP archives per month. $409 for an annual subscription*.

3) Start a FULL ACCESS PLAN SUBSCRIPTION and regain ACCESS to this article, the current issue, all past issues in the HP Archive, the HP Process Handbooks, HP Market Data, and more. $1,995 for an annual subscription.  For information about group rates or multi-year terms, contact email Peter Ramsay or call +44 20 3409 2240*.

*Access will be granted the next business day.

From the Archive

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}