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680 Washington Blvd.
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 volatile deregulated energy markets.
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"It looks like the ship is ...
"It looks like the ship is being abandoned," said Addison Armstrong, director of market research at Tradition Energy in Stamford, Connecticut.
Leadership | Tradition Energy
Senior Director, Market Research
Addison Armstrong leads Tradition Energy's Market Research Group.
The Group is responsible for developing the primary market analysis and forecasts for which Tradition
is renowned, and for directly advising clients accordingly.
Mr. Armstrong is a veteran of the energy commodity business, having previously held positions in derivatives marketing, commercial and industrial sales, and business development with AIG Energy Trading, Sempra Energy and ADM Investor Services.
is a former journalist and television producer for NBC, the BBC and Reuters
is an exclusive contributor to CNBC on the energy markets, and is regularly quoted by Reuters, Bloomberg, The New York Times and The Wall Street Journal
Mr. Armstrong is a graduate of Columbia University where he majored in Political Science and minored in Middle East Studies.
Addison Armstrong, an ...
Addison Armstrong, an analyst at Tradition Energy, said oil prices have remained high because investors are using the cheap credit brought on by low interest rates to invest in commodities.
Also Saudi Arabia has reduced its output somewhat, shrinking world supplies slightly.
And the U.S. and Chinese economies appear to be getting healthier.
does not expect oil to continue to rise, however, because supplies are ample and demand is about flat.
"I don't expect we'll revisit the highs we saw last year," he
"The fundamentals are going to reassert themselves soon."
Even factoring in OPEC's decision to ...
Even factoring in OPEC's decision to increase oil production by 500,000 barrels per day starting Nov. 1, "supplies are tight," said Addison Armstrong, an analyst at TFS Energy Futures LLC.
Tradition Energy 2014 Energy Price Forecast Announced To The Public - Tradition Energy
"The price of natural gas will almost certainly rise, driven by tight inventories, rising industrial demand, growing reliance on natural gas by power generators and pipeline exports to Mexico," said Addison Armstrong, Senior Director of Market Research at Tradition Energy.