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| FROM: Roundtable Discussion Natural Gas Pundits Prognosticate By Latayne C. Scott for Office.com (http://www.office.com/global/1,2724,401-13331,FF.html) GMU's Kilpatrick: What, but Not When Henry E. Kilpatrick, Jr., PhD, is a research fellow at The Institute of Public Policy of George Mason University in Fairfax, Va. A longtime observer of energy market fluctuations, Kilpatrick is wary of industry tax credits and any other subsidies for the industry, believing that "they do more harm than good for the consumer and the industry in the long run." Kilpatrick also is cautious in his predictions for the industry, and hedges his prognosticating bets on the future of gas prices. "If I were able to predict accurately, I'd be rich and famous already," says Kilpatrick. "But it seems that all commodities follow chaotic or complex cycles that cannot be accurately predicted in the short run. The future of commodity prices of most, if not all, resources including gas should be up, barring a major recession since we have gone so long with low prices." |
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