Energy insiders prepare for the worst, and hope for the best as they consider what could be in store for the industry in 2016 after a dismal year for commodities prices. Analysts have greeted the first few business days of the New Year with a variety of prognostications for 2016. Modeling a potential jump to $70 oil by the end of 2016, increased cuts in capital spending, and the idea that low crude prices could spur gas prices higher each could come to pass, some experts say. At Raymond James (RayJa), analysts said in a Jan. 4 industry brief that 2016 presents the best outlook for oil prices in four years. Although the team has leaned on bearish expectations in recent years, they believe global oil fundamentals in 2016 appear bullish after melting down last year. RayJa’s modeling suggests that oil prices will bottom out in the first half […]