Thank you Mr President for Gas Prices

newfie

Well-Known Member
The Russians meet with OPEC in Vienna tomorrow. Oil closed today at $ 51.70. Marathon Oil has crude priced in next year at $64. Enjoy the price break while it lasts and if by chance it stays this low or perhaps lower look for movement in state legislatures toward a state gas tax increase.
 

bacha29

Well-Known Member
I wouldn't worry about OPEC, one of their founding members no longer pumps oil.
On Friday OPEC and the Russians agreed on a 1.2 MBD cut in production. Combined with an the Iranian embargo you could see an modest uptick in prices A hard winter in the Snow Belt might impact a bit as well.
 

newfie

Well-Known Member
On Friday OPEC and the Russians agreed on a 1.2 MBD cut in production. Combined with an the Iranian embargo you could see an modest uptick in prices A hard winter in the Snow Belt might impact a bit as well.

you can always predict a moderate uptick in gas prices. Opec is living on borrowed time. Solar and electic will dominate the market in 5 years.
 
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