http://www.abqjournal.com/574821/biz/biz-most-recent/no-end-in-sigh... the complete article use this link
Crude prices climbed in mid-April to their highest level this year, and gasoline prices followed suit, but industry analysts say oil markets remain saturated and downward pressure on prices will continue well into 2016.
“It’s a roller coaster,” said Daniel Fine, associate director at the New Mexico Institute for Mining and Technology’s Center for Energy Policy. “We’re just not seeing enough of a decline in oil output to stabilize prices, at least for the rest of 2015.”
And it’s unclear when in 2016 — or by how much — prices might rebound.
“The question now is whether price volatility will resemble a ‘V’ with a sharp decline followed by a sharp rebound, an ‘L’ that reflects a price plummet and then a flatline, or a ‘W’ with prices continually going up and down,” Royola Dougher, senior economic adviser for the American Petroleum Association, told the Journal.
Tags: DanielFine, Geopolitics, Haynesville, NewMexico, NewOrleans, OilandGas, Shale
283 members
455 members
687 members
358 members
300 members
61 members
114 members
6 members
386 members
8 members
© 2023 Created by Keith Mauck (Site Publisher).
Powered by
h2 | h2 | h2 |
---|---|---|
AboutAs exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More |
Links |
Copyright © 2017 GoHaynesvilleShale.com