and the dickhead in the WH along with the Progressives will do everything in their power to stop US production.
Gas should be back to $1.80 or so but never again thanks to government.
Gas should be back to $1.80 or so but never again thanks to government.
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Disagree here. In about 15-20 years gas will be back at 1.20. That will come because the fracking revolution is adding supply while natural gas trains trucks and buses plus electric cars are cutting into demand. Now it will take a 15 -20 years for this to bring the price down to 1.20. And we won’t see much action in the next 5 years but 1.20 a gallon is where its headed. Why 1.20? because in btu terms coal and natural gas are roughly 1/3 the price of oil or about 1.20@ gallon or 30-35 dollars a barrel. Prices over time tend to trend to the mean.
and the dickhead in the WH along with the Progressives will do everything in their power to stop US production.
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agree. they’ve killed production on federal lands. there’s talk now that the epa is considering dropping a whole lot of regulations on the refining business. don’t know how that will work out. there are so many states involved with oil that the congress may force the epa to back down. hard to tell. likely if the pubbies gain control of the senate in the fall they’ll force the epa to back down. but again this is impossible to predict with any certainty.