GulfSlope Energy Inc (GSPE): Thank you. You made a great point too....

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smith199

Re: Tbags7 post# 7709

Sunday, 01/14/2024 10:56:26 AM

Sunday, January 14, 2024 10:56:26 AM

Thank you. You made a great point too.

Demand for hydrocarbons does not appear to be diminishing anytime soon. In fact, the January ‘24 EIA Short-term Energy Outlook (STEO) forecast ‘global’ demand for Petroleum and Other Liquid Consumption to increase by almost 1.4% and 1.2% in 2024 and 2025, respectively. The EIA forecast U.S. demand to rise by almost 1.4% in 2024 and to remain basically unchanged in 2025.

https://www.eia.gov/outlooks/steo/tables/pdf/3atab.pdf

https://www.eia.gov/outlooks/steo/tables/pdf/4atab.pdf

And recall, the USA is the number one exporter of LPG and LNG. And I believe in Q4 ‘23 Petroleum held the title as our top export product.

Also, the STEO forecast reflects the ‘average’ price of WTI to remain relatively unchanged in 2024 from the prior year and indicates a slight decline in 2025.

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

Mrs. Smith