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San Juan Basin Royalty Trust Message Board

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  • birdluck1 birdluck1 Dec 1, 2005 12:04 PM Flag

    OT: Economides on CNBC

    Laird Dyer of Coral Energy has also been predicting $90 spot oil and $20 spot gas during the winter's coldest period. He also says that while these these prices, if sustained for very long, would lead to some demand destruction, he thinks it would be far less than during previous historic price spikes. This is due primarily to deregulation and the greatly increased size of the world market for oil, but also with regard to NG, to the increase in use by electricity generators and to increased home heating use, both of which must use NG regardless of price.

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