Investors reaping Huge rewards at Ameratex
There are two types of drilling-exploratory and developmental drilling. The first is exploring to
find oil or gas, while the latter is to bring up already discovered oil and gas deposits. Typically,
developmental drilling uses wells that already exist and monitor production at a profitable
On average, propane and heating oil prices have fallen in New England and Atlantic Canada by
about 10% since January 1st, 2012. The primary driver of heating oil and propane prices is the
price of crude oil, which has been falling since January 1st, 2012. Extreme weather, seasonal
demand, supply disruptions and speculation can also affect short-term propane and heating oil
prices. Therefore, to get an idea of where heating fuel prices could go, you have to understand
where crude oil prices could go.
Historically at Ameratex Energy Ltd, in the past, over a period of several decades (and beyond),
there has almost always been a sizable number of what could be called "professional
middlemen" who operated in the oil and other commodity "secondary market" trading industries
who are primarily but genuinely driven by the belief or inner conviction that working as an
intermediary in the industry is a reasonable path to honest living which, if not leading one to an
instant wealth, then at least to a reasonable means of livelihood and steady economic progress
Why have crude oil prices dropped and where are they headed?
Crude prices have primarily dropped because of concerns over the economic growth rates of
the United States, China and Europe. Slower economic growth leads to lower demand for oil,
and therefore lower prices.
Global markets are impossible to predict since there are too many variables. Therefore, no one
can accurately predict the price of oil - beware of people or companies that try to convince you
they can forecast oil prices.
These events will likely lead to lower 2012 crude oil prices:
Lower predictions for the global economic growth and recovery, and therefore lower oil demand;
No resolution to the European debt crisis, and therefore a belief that Europe's economies will
continue to suffer;
Conflicts in Africa and the Middle East get resolved in 2012 and oil supply increases (e.g.
Yemen, Syria, Sudan and Iran).
These events will likely lead to higher 2012 crude oil prices:
Decrease in oil supply from African and Middle Eastern countries due to conflict or economic
sanctions (e.g. Yemen, Syria, Sudan and Iran);
Forecasts for global economic growth improve, particularly in the United States, China, or
The European debt crisis is resolved in 2012 and Europe's economies improve.
If it's really important for you to predict your budget for winter fuel bills, then you should consider
a Price Protection Plan if you live in NH, Maine or VT, or a Cap Pricing Program if you live in
NB, NS, NF or PEI. With these options, you'll be able to budget for the upcoming heating
season. If you would prefer to pay a market price or are absolutely convinced that heating oil or
propane prices will fall from here, then you can choose a variable pricing option.