Oil & Gas Prices

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dan_s
Posts: 37325
Joined: Fri Apr 23, 2010 8:22 am

Oil & Gas Prices

Post by dan_s »

EIA thinks Brent will average $68/bbl in 2015: http://www.eia.gov/petroleum/weekly/arc ... _print.cfm

Not sure about the number, but I do think they are close. The price of oil will be the lowest in Q1 then it should gradually ramp up. I think low fuel prices are going to be a HUGE stimulus to the economy, increasing demand for refined products more than current estimates. We may see demand come up faster than supply goes down.
Watch this video: http://finance.yahoo.com/news/lew-lower ... 42402.html
Dan Steffens
Energy Prospectus Group
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