GulfSlope Energy Inc (GSPE)

[smith199]

Yes, should Gulfslope acquire oil production it will be a good thing for the shareholders, the company, and the economy. The EIA stated the key driver for oil production is the “price of oil”. I guess we will see in 2023….

Primary excerpts from the EIA’s Short-term Energy Outlook released yesterday:

* Forecast for WTI ‘average’ spot price per barrel for the 3rd and 4th Quarter of 2023 is $81 and $80, respectively.

* Forecast for U.S. crude oil production (million bpd) in 2023 and 2024 is 12.54 and 12.75, respectively. For the years 2021 and 2022 it was 11.25 and 11.88, respectively.

* Forecast for U.S. liquid fuels consumption (million BPD) in 2023 and 2024 is 20.36 and 20.69. For the year 2022 it was 20.28.

* Forecast for U.S. dry natural gas production (billion CFD) in 2023 and 2024 is 100.87 and 101.58, respectively. For the year 2022 it was 98.11.

* Forecast for U.S. natural gas consumption (billion CFD) in 2023 and 2024 is 87.37 and 86.12, respectively. For the year 2022 it was 88.53.

* North America continues to lead non-OPEC liquid fuels production growth: In our forecast, U.S. liquid fuels production increases from 20.2 million b/d in 2022 to a record 21.6 million b/d in 2024, led by crude oil production increases from the Permian shale region in western Texas and eastern New Mexico.

Links:

https://www.eia.gov/outlooks/steo/report/BTL/2023/04-nonOPEC/article.php

https://www.eia.gov/outlooks/steo/tables/pdf/1tab.pdf

Excerpt from the EIA’s Annual Energy Outlook:

* High international demand leads to continued growth in U.S. production…. allows the United States to remain a net exporter of petroleum products and natural gas through 2050 in all AE 2023 cases.

In my estimation, if there is confidence in these EIA Reports, one can be assured that oil and gas production in the USA will remain robust and prosperous through 2050.




Mrs. Smith