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

[norseamd]

Might need an unknown level of salt while reading this.

http://www.isn.ethz.ch/Digital-Libr...4=186357&contextid775=185549&tabid=1456177100

 

[Engineer]

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.

 

[Train]

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]

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]

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.