GulfSlope Energy Inc (GSPE)

[smith199]

While looking through the trees trying to see the forest, I will stick with the EIA’s forecast ‘average’ price for WTI in 2024, released on November 7th. This is $89.24/bbl, or $10 more a barrel than the average price ($79.41) so far in 2023.

Everyone should have noticed that pricing is not linear and is constantly fluctuating up and down. I do not feel especially queasy over these normal variations in price. So, I am good. I am more gratified by the expected trend, which is upward. And the wildcard of course is the turmoil in the Middle East. But I do not expect that to result in lower prices.

Link to EIA ‘Energy Prices’ (STEO) November 2023 Forecast:

https://www.eia.gov/outlooks/steo/tables/pdf/2tab.pdf




Mrs. Smith