Petroleum Engineering
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Petroleum Engineering Economics Students Name Institutional Affiliation Petroleum Engineering Economics I. Likely future product prices for gas and other products Future products prices for gas and other products are expected to rise. This will result from the natural gas market cycles. According to Speight (2015), there are two cyclical patterns that do determine the natural gas prices which include the seasonal cycle and storage cycle. During winter, the prices of the natural gas are expected to rise due to the increase in demand for the gas to accomplish the various heating purposes. Understanding Energy Pricing Direct Energy Business (2017) On the other hand, the natural gas will also be used to generate electricity although this will be to a smaller degree. However,...