| News Releases
February 12, 2008
The methodologies we have pioneered over the past 20 years allow us to predict, with incredible accuracy, the future of the highly complex commodities markets. One year ago, we gathered around and put together projections for the price of crude oil, refined products and natural gas, all of which are key drivers of prices for various industrial commodities. The extreme uncertainties, both geo-politically and with domestic supplies made this chore seem like a crap-shoot at best.
We analyzed the fundamentals and arrived at our projections which, with the exception of power in Ontario, have been astonishingly accurate. Take note:
| |
2007 Projected |
2007 To-date |
| Crude Oil |
$65.00 |
$64.04 |
| Refining Margin |
$0.1700/L |
$0.1716/L |
| Dollar |
$0.8900 |
$0.8974 |
| Natural Gas |
$6.55/GJ |
$6.21/GJ |
| Electricity ON |
$60/MWH |
$50.34/MWH |
| Electricity AB |
$65/MWH |
$68.26/MWH |
After wiping the sweat from our brow, we now have a bigger challenge -- what should we expect for 2008. With crude oil at an all-time high, natural gas prices depressed due to a huge inventory surplus, the Canadian dollar at or above par with the U.S. greenback, we’re certainly into un-chartered waters. Yet, in the unpredictable and volatile world of commodities – En-Pro experts have an edge on tomorrow.
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EN-PRO INTERNATIONAL is a leading North American consulting firm specializing in the areas of electricity, natural gas, petroleum distillates (diesel, propane, heating, gasoline, etc.), lubricants, industrial gases (medical gases, bottled, bulk, pipeline, on-site plant), welding supplies, chemicals, and waste disposal services (hazardous and non-hazardous). We offer an objective and unbiased look at the markets in the complicated world of commodities. En-Pro does not buy or sell industrial products, and is not connected in any way to suppliers or marketers.
For radio, television or print interviews or background information, please contact John Kiemele jkiemele@en-pro.com or Susan Ponting sponting@en-pro.com
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