The Energy Report: It’s been over two years since your last interview with us. At that time you told us you were using $85/barrel (bbl) oil in your modeling for 2011. Is this “déjà vu all over again”?
Phil Weiss: In finalizing my 2013 forecast, I came pretty close to that price; I’m using $87/bbl for West Texas Intermediate (WTI). But back then, Brent and WTI traded relatively close to each other, with WTI at a slight pas premium. That’s changed pretty dramatically. This year I expect an ~$18/bbl premium for … [visit site to read more]
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