Tradition Energy Director of Market Research to Broadcast From OPEC Meeting in Vienna10/22/2008
Houston, TX (Thursday, October 23, 2008)—Tradition Energy, one of the nation’s largest energy management advisors, today announced that Addison Armstrong, Director of Market Research, will attend the emergency meeting of OPEC in Vienna and broadcast his commentary live on CNBC’s Fast Money tonight, Thursday October 23rd, between 5 p.m. and 6 p.m.
Addison Armstrong appears regularly on CNBC as one of only three expert energy contributors. He is also quoted frequently by The New York Times, Wall Street Journal, Associated Press, Bloomberg, Dow Jones, and Reuters.
The Organization of Petroleum Exporting Countries (OPEC) called an emergency meeting to be held Friday in Vienna, Austria to decide on production cuts in an effort to spur slumping prices. OPEC President Chakib Khelil has already alluded to a “significant” reduction from the present daily output of around 29 million barrels. Armstrong foresees a cut of 1 million to 1.5 million barrels now, with the potential for another 500,000 barrels to be cut after the U.S. presidential election.
Inquiries
Jennifer Santiago, (713) 609-9927, jsantiago@traditionenergy.com
About Tradition Energy
Tradition Energy is one of the nation’s largest energy procurement advisors, helping commercial, industrial and governmental organizations manage electricity and natural gas costs in regulated and volatile deregulated energy markets. Tradition Energy is a division of TFS Energy, a top wholesale energy brokerage with eight offices worldwide, over 250 employees and in the energy business since 1986. In 2008, TFS Energy was named “Broker of the Year” by Energy Risk magazine. TFS Energy was also recently awarded 14 awards, more than any other company in the 8-year history of Environmental Finance magazine’s industry survey. TFS is a subsidiary of Compagnie Financiére Tradition (CFT), a leading global inter-dealer broker in financial and commodity-related products with a presence in 26 countries and over 2,400 employees. For more information, please visit www.traditionenergy.com