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Experts Available to Discuss Gas Prices Expected to Reach $4 Per Gallon

Posted on: Thursday, 1 September 2005, 18:00 CDT

TOPIC: Oil and gas analysts expect gas prices to increase to $4 per gallon soon, according to an article by CNN/Money. Hurricane Katrina put a halt to more than one-tenth of the nation's oil refinery operations. Oil production was cut by 25 percent, which is sending gasoline prices skyward. Although experts from the Oil Price Information Service are sure that prices will rise, they are not certain as to how long the prices will remain high. While the pipelines are closed, distribution centers are forced to rely on reserves.

EXPERTS: ExpertSource can offer several highly qualified experts to comment on this story:

Alternative fuel and vehicle expert, Shaun Murphy discusses how to use less or no gas in current diesel and gas-powered vehicles. Murphy can advise individuals on how to spend less on gas and advise on the potential of a biofuel future. Shaun completed a 16,000-mile road trip across the U.S. without gas. The television series, COOLFUEL ROADTRIP, documenting the one-year journey will premiere in markets across the U.S. in September. Shaun Murphy is available for over the phone interviews at any time and will be available for in person interviews beginning September 5th. The duration of higher gas prices will depend on the extent of long-term damage caused to the oil refineries. The destruction of oil will hit southeast and northeast consumers before impacting the rest of the nation.

Professor Iraj Ershaghi is co-executive director of the USC Viterbi School of Engineering's Center for Interactive Smart Oilfield Technologies (CiSoft). He is an excellent source of comment for stories on oil supplies and prices, the economics of the oil industry, and the efficiency of oil production: in some fields, 90 percent of oil remains in the ground. Ershaghi is the Omar B. Milligan Professor and director of the Petroleum Engineering Program in Chemical Engineering. His research interests include subterranean reservoirs of oil, gas, and geothermal fluids. CiSoft, a USC research center funded by ChevronTexaco, focuses on the research and development of integrated technologies targeted to the operations of instrumented, intelligent oil and gas fields.

Thomas Wallin, president of Energy Intelligence Group, has been with the group for almost 25 years and has extensive experience commenting on all aspects of the U.S. domestic and global energy business. He has been Editor of Energy Intelligence's flagship title, Petroleum Intelligence Weekly, and was its London Bureau Chief in the mid-1980s. Tom can contribute insight and analysis to any discussion of energy issues - especially oil markets, production and pricing strategies, and the macroeconomics of the global oil and gas industry. He can also speak on OPEC policies and supply security. He frequently speaks at major energy conferences and has been interviewed frequently for both television and radio, appearing in CNN, BBC, NBC, NPR, ABC, CBS, and other networks.

ExpertSource cannot guarantee the immediate availability of these experts or their familiarity with this specific issue.

Journalists seeking to interview any of these experts can obtain contact information by visiting http://www.businesswire.com/.

ExpertSource provides academic and industry experts to the media at no charge. Journalists are encouraged to submit queries to ExpertSource when seeking experts on specific subjects. An online registration form is available at the above web address.

Source: Business Wire

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