Did the author publish a ‘key market signal’ before the unprecedented drop in prices recently?
It was the case that back in 2009 that oil prices went up quickly after it became clear that economies were growing and demand for oil was increasing. It may be that the same scenario is playing out here.
If so this would be unlike the situation in the 1990’s where low oil price persisted for years in the face of rising demand.
There goes my cheap gas!
The domestic oil production industry is shutting down high cost wells, and shedding bodies at a break-neck pace. This will help tighten supply, and boost the bottom line of producers. The wild card is the saudis and their deep cash reserves and the ability to dump cheap oil on the market for a protracted period, and essentially starve out the competition.
Doesn’t anyone remember the early 80’s and 90’s when they did the same exact thing? Remember the last time when oil was going for $10 a barrel, and wells were literally being capped and abandoned because the oil pumped wouldn’t even cover the cost of the electric bill to pump it?
In Alaska the price of gasoline goes UP very very fast with the crude oil prices change ONLY when it goes UP........
BUT go down very very very slowly when the price of crude oil changes downward... IF at all...
I suspect there are thieves in price structure mechanism..
You know.. parasites.. grifters.. democrats.. rogue republicans..
I smell fascism..
I thought it was 60?
No wonder I’m not rich.
Based on the current trends (i.e. gas/diesel is up almost $.50/gal in the past month) that oil will be going up ... $100/barrel? Maybe.
The oil companies/Arabs want their profits back.
And please, I don’t want to hear about high oil prices benefiting the economy ... we are all finally getting a break from the ridiculous $3.75 - $4.00/gal gas and now we are heading back to that phone/bologna price.