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At
the beginning of this year, most industry analysts were
predicting that oil prices would decline in 2005 and
that natural gas prices would moderate along with them.
Andy
Weissman was one of the few who predicted that just the
reverse would occur.
Andy
is now convinced that all the ingredients are in
place for prices to explode this summer for natural gas
and electricity. Further, the potential price
explosion this summer could be the start of a sustained
multi-year period in which oil prices frequently exceed
$100 per barrel and the price of natural gas could
increase to as high as $18.00/MMBTU. This explosion in
oil and gas prices also could lead to steep further
increases in coal prices and even steeper increases in
the wholesale market price of electricity, especially in
summer months.
These potential price increases have profound
repercussions for every major energy user in the
U.S. They also are likely to permanently change the way
in which many energy companies do business.
Even
if you attend no other program this year,
your company can't afford to miss this Web Cast!
This
special event will specifically address:
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The
major factors that are likely to drive further
increases in oil prices during the 2nd half of this
year;
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The
likely impact of rapidly increasing power sector
demand for natural gas on natural gas prices this
summer;
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The
growing importance of Liquefied Natural Gas (LNG)
imports to the U.S. market;
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Why
dependence upon LNG magnifies the exposure of the
U.S. natural gas and electricity markets to extreme
price spikes;
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The
potential for steep increases in the wholesale
market price of electricity in Regional Electricity
Markets this summer;
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The
potential impact of swings in weather on energy
prices; and
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The
factors that large energy users should take into
account in order to optimize the effectiveness of
their hedging programs.
In addition, as part of the program, Andy will
specifically address the magnitude of the potential
price spikes this summer and later this year and the
potential risk that natural gas supplies will not be
adequate to meet power sector needs in 2005 and
subsequent years.
He also will explain why so many industry price
forecasts have proven to be unreliable and how, in the
future, your company can obtain better information
regarding likely future changes in the price and supply
of oil and natural gas.
Finally, Andy also will discuss the urgent need for many
energy companies and large industrial users of natural
gas and electricity to undertake a thorough reevaluation
of their existing strategic plans, in light of the far
reaching changes occurring in the prices of energy
commodities, and identify specific steps that should be
taken as part of that re-evaluation.
Register your whole team - $197.00 per phone line
No travel fees - No out of office time!
The
information provided in this session will help you to:
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GAIN
a clear understanding of the true risk if natural
gas and electricity prices soar much higher than
expected
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BENEFIT
from specific price forecasts by industry experts
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LEARN
precise steps you can take to help mitigate the risk
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DEVELOP
proactive, far-sighted strategies and contingencies
Register
now and get a FREE 3-week trial subscription to Andrew
Weissman's weekly online newsletter: Natural Gas Market
Report & Analysis
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