What is Enersects long-term outlook for energy prices?
Prices are going up. While we may see some softness in the next few months, industrial fuel prices will ultimately continue upward. This upward trend will be a function of numerous factors, including a) reduced exploration capacity (financial, human and logistical resources) in the oil and gas exploration industry, b) increased demand from large developing economies that have large populations (China, India, Latin America) and c) declining production capacity in large producing areas around the globe (Middle East, North Sea, Alaska, Continental US).
