North America to Drown in Oil as Mexico Ends Monopoly
http://money.msn.com/business-news/article.aspx?feed=BLOOM&date=20131216&id=17195903
Forum Discussion
Absolutely no one can predict where crude oil prices will be 2 months, 6 months 2 years, 10 years, or in 50 years. NO ONE. There are literally many dozens of factors that affect oil, gas, gasoline and liquid gas prices, including something called "perception". How do you quantify something like perception? Global mood? Instability? You cant. This goes for any commodity, including gold.
Currently, "...US natural gas prices are at record lows–about where they were in 1976, and at the low points in the 1990s, in today’s dollars...". The demand for fracked gas is also negatively affected; it is at an all time low.
Gasoline is so far down the feeding chain from crude oil, anyone who predicts its price in any given market beyond just a few weeks (analyze the NYMEX exchange RBOB and reformulated regular futures) is gambling.
Its going to go where its going to go (gasoline RBOB), so as the above Poster does, plan for $5 a gallon, and if it drops to $3 or even $2.50, great (thank your lucky stars).
S-
Currently, "...US natural gas prices are at record lows–about where they were in 1976, and at the low points in the 1990s, in today’s dollars...". The demand for fracked gas is also negatively affected; it is at an all time low.
Gasoline is so far down the feeding chain from crude oil, anyone who predicts its price in any given market beyond just a few weeks (analyze the NYMEX exchange RBOB and reformulated regular futures) is gambling.
Its going to go where its going to go (gasoline RBOB), so as the above Poster does, plan for $5 a gallon, and if it drops to $3 or even $2.50, great (thank your lucky stars).
S-
