J. Marshall Adkins is managing director and head of energy investment banking at Raymond James & Associates Inc. in Houston. With more than 30 years of industry experience, he leads the company's oil field research and analysis team, and founded Raymond James Energy Equity Research. Adkins holds a B.S. in petroleum engineering and an M.B.A. from the University of Texas at Austin. J. MARSHALL ADKINS Managing Director, Energy Investment Banking Raymond James & Associates Inc. Andrew D. Weissman is chief executive officer of EBW Analytics Group LLC in Washington, which provides energy market analytical services. He also has played a key role in developing innovative structures for energy transactions, and in transforming state and federal energy and environmental policy. He is a graduate of Harvard Law School. ANDREW D. WEISSMAN Chief Executive Officer EBW Analytics Group LLC " The market is indicating in a range of stocks that it is expecting a very robust global economic recovery once the vaccine is implemented on scale. Accordingly, I think people will be surprised to the upside as to how quickly oil demand recovers as we move through 2021. " ADKINS " As we move farther into 2021, it's going to become unmistakably clear that a new day has dawned. The U.S. market is going to face a severe supply deficit if Henry Hub prices remain anywhere close to their recent levels. Prices will have to move considerably higher to balance supply and demand. " WEISSMAN JANUARY 2021 35