#OilSupply
Will EV Sales Growth and Global Spread of Fracking Keep Oil Cheap Forever?
What a difference a few years make.
Perhaps you’re old enough to remember when scientists warned us about an impending ice age. Today, climate change concerns have to do with global warming.
Just a few years ago, “peak oil” — the theory of terminal decline once we’ve reached the maximum extraction rate from known petroleum reserves — was popular. A couple of recent perspectives, however, indicate that we may not hit peak oil production and consumption for the foreseeable future — and that the price of oil may actually go down long-term.
US Shale Oil Production Rising Amid Strengthening Dollar
Despite OPEC’s desire to keep its stranglehold on the market, U.S. shale oil production looks to rise again amid a strengthening dollar.
OPEC Doubles Down Against Shale, Fuel Prices Continue Downward Spiral
OPEC is doubling down on shoving shale off a cliff, continuing the trend of low fuel prices through the fall in so doing, Memorial Day Weekend aside.
Fuel Prices To Climb Above $2/Gal Beginning Mid-February
Enjoying sub-$2/gallon prices at the pump? Those fuel prices will make their slow climb back up above $2 beginning later this month.
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