Description

Based upon environmental, ecological, personal and national economics, 2009 may mark the beginning of the End of the “Hydrocarbon Age” of Man. Should this End be near, exit strategies for individuals, companies, provinces, and nations will be required. Traditional and alternative energy resources must be balanced in delicate compromise and interplay. One of the ultimate mysteries in these vital matters is to forecast the price of oil over economic life of various prospects and properties. No reliable documented forecast is available, but here the national and international facts and trends are summarized to support consideration by investors and operators, sellers and buyers. Two very current forecasts are presented to support trategy regarding development and production of existing oil fields and related invetments.