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
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GoHaynesvilleShale.com (GHS) was launched in 2008 during a pivotal moment in the energy industry, when the Haynesville Shale formation—a massive natural gas reserve lying beneath parts of northwest Louisiana, east Texas, and southwest Arkansas—was beginning to attract national attention. The website was the brainchild of Keith Mauck, a landowner and entrepreneur who recognized a pressing need: landowners in the region had little access to…
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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 |
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