Energy executives: Oil prices are expected to remain high

Energy executives: Oil prices are expected to remain high - Denver - MSNBC.com:
By Cathy Proctor, The Denver Business Journal -- Aug. 7, 2005

Oil and gas industry executives meeting in Denver recently have a gloomy message for business: Get used to high energy prices -- and don't be surprised to see them climb even higher.
Oil is expected to remain in the range of $50 to $70 per barrel for two years, said Mark Rodekohr, director of energy markets and contingency information for the federal Energy Information Administration. He spoke at the opening session of the Colorado Oil and Gas Association's annual conference held Aug. 1-3 at the Colorado Convention Center.