Mark A. Stansberry was recently quoted in an article about Oil in the Wall Street Journal’s Market Watch website. Stansberry is quoted as saying:
“Though there are several factors impacting the future of oil price fluctuations … it all still goes back to the economics of supply and demand,” said Mark Stansberry, chairman of the GTD Group, an energy-management firm. The Seaway and Keystone pipelines are “both positive to reducing dependency on foreign oil” and the Seaway is important for WTI crude prices to come more in line with Brent.
For the full article, click here. (Stansberry’s quote is on page 2 of the article.)