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To: elpadre

Right now world wide supply and demand are pretty tightly balanced. There is currently a huge surge in demand worldwide. Only a couple countries besides the USA are increasing oil production.

But in a couple years as the fracking revolution moves to other countries and supplies increase—the price of oil/gasoline will fall—as it has for natural gas.


4 posted on 12/28/2013 6:59:40 PM PST by ckilmer
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To: ckilmer

understand that - but “it would be nice if they would take care of the home folks first.”

p.s. - am an octogenarian and waiting is not my strong suit.


9 posted on 12/28/2013 7:18:07 PM PST by elpadre (AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-hereQaeda" and its allies.)
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To: ckilmer

the price of oil/gasoline will fall”

The price at the pump probably won’t drop much, if any. Taxes will likely be increased to offset any benefits to the consumer


14 posted on 12/28/2013 8:12:52 PM PST by Figment
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