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Article: Proper Power & Energy Comments on Predicted Oil Shortfall for 2010 and 2011
- Article from:
- U.S. Newswire
- Article date:
- September 18, 2009
CopyrightCopyright 2009 U.S. Newswire. Provided by ProQuest LLC. (Hide copyright information)
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To: ENERGY EDITORS
Contact: Corporate: Nicole Propp, Nicole@properpower.com;
Investors: Daniel Conway, DC Consulting, LLC, +1-407-792-3332,
daniel@dcconsultingllc.com
TAMPA, Fla., Sept. 18 /PRNewswire-FirstCall/ --Proper Power &
Energy, Inc. (OTC Bulletin Board: PPWE) commented today on some
analysts' predictions regarding future oil prices. The analysis was
based on the assumption of continued demand growth, continuing
decline of old oil fields and expected new production from announced
oil megaprojects. Analysts predict that we should expect oil markets
to be tighter than at present through 2012 followed by even more
need for demand destruction from 2013 through 2015. Additional
downward ...