Our Outlook for the Energy Sector
We've raised our outlook for oil and gas, coal, and deep-water drillers.
Thus far, 2008 has seen unprecedented increases in energy commodity prices, driven by growing supply bottlenecks and persistent demand. Recognizing that some constraints are deep-rooted and that there are secular forces driving the cost of supply higher, we've raised our assumptions for oil, coal, and natural-gas prices, as well as our day rate assumptions for deep-water drillers.
Elizabeth Collins has a position in the following securities mentioned above: PBR. Find out about Morningstar’s editorial policies.