oil prices

Oil Rig

Could Oil Go to $100 a Barrel by 2019?

As we all know, gas and oil prices are a major component of inflation so a spike in oil prices could have a serious effect on prices overall. From 2012-2015 oil prices peaked several times around $100 per barrel but then in 2016 they fell dramatically to around $30. In 2017 they recovered slightly to hover around their long term average price of $43. Today Irina Slav of Oilprice.com looks at the possibility of oil prices returning to the $100 level. 

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Falling Oil Prices

Oil Price Tumbles After OPEC Releases 2015 Forecast

Oil prices are falling and that is good for consumers as their daily heating and transportation costs fall. It also benefits producers as a small company could easily save $100,000 a year in energy costs. If you multiply that by the number of businesses in the country you can see the staggering effect lower energy prices can have on the economy. But not everyone is happy about falling energy prices. Many conventional energy and alternative energy producers require oil prices to be above $70/ barrel in order for their business models to remain in the black. And all of the OPEC countries except two require higher oil prices in order for them to balance their countries budgets. So although oil prices are low now it may not last.

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Drilling Down into Oil and Gas Prices

Casey Research Summit Special Report Part II: Drilling Down into Oil and Gas Prices The private panel that began with three key speakers at the April 27-29 Casey Research Recovery Reality Check Summit continues with a second installment in today’s Energy Report. This exclusive features Casey Energy Opportunities Senior Editor Marin Katusa, Global Resource Investments

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