Continued, Sustainable Demand for Enterprise Oilfield Group Inc.’s (TSX: E) Services
The EIA, a section of the U.S. Department of Energy, predicts world oil production will grow at 1.16% per annum, during the period 2005 –2030, compared to consumption growth of 1.19% during the same period. For natural gas, the supply is forecasted to be in deficit through 2030, which is a positive for the Canadian natural gas industry since the deficit is likely to result in increased demand for imports from Canada. Because the slowdown of the U.S. and global economies has substantially reduced demand for the near term, the Alberta provincial government introduced a new transitional rate for companies…