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American Oil & Gas Coalition
West 1 Avenue Suite 300
Anchorage, AK 99501

Telephone: (888) 560-1049
info@theaogc.com

©2007 American Oil & Gas Coalition. All rights reserved


OIL &GAS PRICE FORECAST
Natural Gas Prices – Historical and Forecast

April 2006. Premier McGuinty has suggested that energy prices may rise
Premier Dalton McGuinty admits electricity customers in Ontario can expect to pay higher rates this summer.

April 2006. Ontario warned of power crisis
Globe and Mail. TransAlta chief says brownouts loom unless province finds way to fill demand

What was said at the annual Cambridge Energy Research Associates worldwide energy meeting, according to Canadian Enerdata? That North Americans will continue to face high prices to power, heat and cool their homes through at least 2008 and may even endure some natural-gas shortages during cold winters. "I would estimate prices would average about $7 through 2008," said Michael Zenker, an analyst with Cambridge Energy Research Associates. "The rising demand for gas, coupled with flat production, has tripled prices in the last four years. Relief should arrive then in the form of liquefied natural gas, imported to alleviate shortages of the increasingly popular fuel.

September 2004. Energy Pulse in depth article on supply, demand and pricing
Summary: "Natural gas is somewhere between a limit to growth and a disaster waiting to happen right now, and no one is doing anything about it. Only a few months of inclement weather will cause severe shortages and rocketing price spikes. There is a high risk of major availability declines with unimaginable economic impact, and there is no supply side solution."

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