UtiliPoint Aims to Find Out "What is Driving the Price of Crude Oil?"
For Immediate Release
Albuquerque, New Mexico USA-July 18, 2008-UtiliPoint® International, Inc. (UtiliPoint) announces that it is seeking sponsors for a new research study that will examine the factors at play behind rising oil prices. The new study will be conducted under the supervision of Dr. Gary M. Vasey, who co-founded the Energy Hedge Fund Center (http://www.energyhedgefunds.com/) and was co-author of Energy & Environmental Hedge Funds - The New Investment Paradigm published by Wiley in 2006 along with inumerable articles on commodity markets and commodity prices, and Patrick Reames, UtiliPoint's Trading & Risk Management practice lead and Vice President.
The proposed study will examine the data and evidence from a multi-faceted perspective including how structural changes in commodity markets and increased access to commodity markets have changed crude oil price formation and the impact of a weak U.S. Dollar. It will also examine the fundamentals of supply and demand, the existence of a refining bottleneck and other such issues in an attempt to determine what is driving crude oil prices in today's markets.
"At prices approaching $150/bbl, many are questioning exactly what factors are driving the oil price," said Dr. Vasey. "Unfortunately, the drivers are significantly more complex than might first be imagined and a great deal of nonsense is reported in the media. This study will seek to examine all of the factors at play and offer some detailed analysis of the matter."
Prospective study sponsors may request the study prospectus from Dr. Vasey at mailto:gvasey@utilipoint.com?subject=Price of Crude Oil Study Prospectus.
About UtiliPoint International, Inc.
UtiliPoint is a leader in providing research and consulting services to the utility and energy industries. Our 75-year history and over 500 clients worldwide have led us to currently operate as a utility and energy consulting and issues analysis firm. Our staff is comprised of leading experts with diverse backgrounds in utility generation, transmission & distribution, retail markets, mergers and acquisitions, new technologies, venture capital, information technology, outsourcing, customer service, advanced metering, meter data management, renewable energy, regulatory affairs, and international issues. Learn more at http://www.utilipoint.com/.