What's the long term prospectus for diving gas prices?

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what will be the price of gas for next 5 years?

  • below $2/gal

  • between $2-3/gal

  • above $4/gal


Results are only viewable after voting.

Train

Lifer
Jun 22, 2000
13,572
66
91
www.bing.com
Exactly. Intel won't make another Prescott space heater CPU, car makers won't make less efficient cars etc etc just because oil went $50. The world on the whole is already so well adjusted living with sky high oil prices with ever higher energy efficiency that price drops won't make a significant difference to demand.

I wish that were true, but SUV sales have spiked since gas fell.

People are stupid.
 

BurnItDwn

Lifer
Oct 10, 1999
26,160
1,634
126
Prices go down as production is higher than demand.
Production will slow down as expensive to produce oil source supplies shut down/halt due to shrinking margins or losing money.

prices will turn around .. we will be back up to $4 a gallon. Then the production will go up, prices will come down to some extent, then back up ... it will probably continue to be spiky due to wall street speculation corrupting and inflating the price deltas substantially more.
 

Imp

Lifer
Feb 8, 2000
18,828
184
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https://ca.finance.yahoo.com/news/number-us-oil-rigs-operation-184616613.html

If the goal of Saudi is to shut down US production, it might be off to a good start.

Ripple effect, sort of indirect, but still closely related:
http://www.theglobeandmail.com/glob...adian-us-jobs-amid-oil-slump/article22236291/

Major staff cut by company that provides lodgings for workers.

Next up: all the businesses the workers of the lodgings and oil/gas jobs spend their money at.