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Author Topic: Oil Price Forecast for 2013-2014: Falling Prices Back to Topics
xgojim
Champion Author
Michigan

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Message Posted: May 1, 2013 4:11:58 PM

Oil prices are headed down, and I mean down at least $20 a barrel. The key reason is that prices have been high. It’s not a paradox, but a result of the long time lags in oil production. Oil prices were fairly stable from 1986 through 2001, averaging just $20 per barrel. Then prices started rising, spiking to $134 just as the recession began. The price of oil has been above $80 for the past two and a half years. With rising prices has come a dramatic increase in exploration activity. During the era of low prices, the number of drilling rigs in operation around the world was 1,900 on average; now we are at nearly double that pace, and we have been for nearly three years. Drilling activity results in oil production, lasting for many years after the drilling is over. Take a look at the accom
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REPLIES (newest first) Post a Reply
DrCashFlow
Champion Author Massachusetts

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Message Posted: May 3, 2013 3:12:30 AM

key is the marginal cost of production
bston
Champion Author Oklahoma City

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Message Posted: May 3, 2013 12:11:30 AM

Rising gas prices here in OK.
WalkingWV
Champion Author West Virginia

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Message Posted: May 2, 2013 2:23:58 PM

Falling oil, maybe, falling gas, never!
streetdesign
Champion Author Illinois

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Message Posted: May 2, 2013 9:07:31 AM

I can tell you from the market prices that the greedy speculators are not following this forecast. They don't care and hope the opposite happens.
Toonces2013
All-Star Author Illinois

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Message Posted: May 2, 2013 9:06:03 AM

Won't be happy until they fall below $2!
Bearcat500
Champion Author Cincinnati

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Message Posted: May 2, 2013 7:38:47 AM

Pigs will be flying in 2013-2014 too.
Straitliner
Champion Author Illinois

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Message Posted: May 2, 2013 6:16:21 AM

Dont believe these lies. Prices will rise.
caravanguy
Champion Author Milwaukee

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Message Posted: May 2, 2013 5:40:04 AM

Another guesstimate, with someone throwing darts at a chart.
hokieburgh
Champion Author Virginia

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Message Posted: May 2, 2013 5:38:58 AM

Hope so!
Bugger2008
Rookie Author Albany

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Message Posted: May 2, 2013 3:36:20 AM

about time
Previvor
All-Star Author Virginia

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Message Posted: May 2, 2013 2:38:20 AM

Hopefully
tnfran
Champion Author Arizona

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Message Posted: May 2, 2013 2:04:55 AM

Believe it when I see it.
iFueler
Champion Author Durham

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Message Posted: May 2, 2013 1:53:31 AM


     one forecast is for downward movement, others upward
52MPG
Champion Author Dayton

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Message Posted: May 2, 2013 12:44:43 AM

Another forecast that I do not believe.
alterman156
Champion Author New York

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Message Posted: May 2, 2013 12:40:27 AM

If oil falls to $20 per barrel, gasoline prices will slide and then people will buy great big gas guzzling SUVs again.
MikeCapeCoral
Champion Author Cape Coral

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Message Posted: May 2, 2013 12:16:27 AM

Just get the pump prices down.
amerk73
Champion Author Dallas

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Message Posted: May 1, 2013 11:56:41 PM

Crude Oil know at
$91.00
cdrrod
Champion Author Wisconsin

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Message Posted: May 1, 2013 11:56:15 PM

Not in Chicago and environs!
amerk73
Champion Author Dallas

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Message Posted: May 1, 2013 11:56:04 PM

gas station want up here 20 cent
BluWahoo
Champion Author Pensacola

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Message Posted: May 1, 2013 11:47:57 PM

greatest news I've read today
DixieQueene
Champion Author Florida

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Message Posted: May 1, 2013 11:43:04 PM

keep dropping...I need gas in a few days
moosejoose
Sophomore Author Orlando

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Message Posted: May 1, 2013 11:40:00 PM

Good news. Hope it comes to fruition though.
Zing20
Champion Author Fresno

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Message Posted: May 1, 2013 11:31:57 PM

Lower prices are good, more money to spend on other things besides gas.
Nicoalbum
Champion Author Ottawa

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Message Posted: May 1, 2013 11:27:09 PM

If the forecast is right, then economy prospective is quite dim
andy1024
Champion Author Allentown

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Message Posted: May 1, 2013 11:22:52 PM

Hope the forecast is right.
montpelier28
Champion Author Vermont

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Message Posted: May 1, 2013 11:08:47 PM

Taxes will negate a lot of the gain.
esq262
Champion Author Asheville

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Message Posted: May 1, 2013 10:49:39 PM

Good news.
Night Owl
Champion Author Toronto

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Message Posted: May 1, 2013 10:46:11 PM

Greedy oil speculators raised oil prices far too high.
Grizdad
Champion Author Montana

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Message Posted: May 1, 2013 9:42:44 PM

Don't hold your breath.
TomT2Lee
Champion Author Cincinnati

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Message Posted: May 1, 2013 9:37:29 PM

Right, and professional politicians are going to stop raping and pillaging America.
USMCturtlehead
Champion Author Lexington

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Message Posted: May 1, 2013 9:21:09 PM

Oil prices mat drop but gasoline prices won't. Thats how all the Oil companies keep posting large earnings..
LanguageMan1
Champion Author Tampa

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Message Posted: May 1, 2013 9:02:59 PM

A short term fall in price is possible and probable.
playtimeCLE
Champion Author Cleveland

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Message Posted: May 1, 2013 9:02:55 PM

I'm not sure why I would ever believe this. Next week someone will make the opposite forecast...
bullfrog42
All-Star Author Texas

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Message Posted: May 1, 2013 8:38:06 PM

Good,Don't get greeting
FortVancouver01
Champion Author Washington

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Message Posted: May 1, 2013 8:17:08 PM

Will retail prices follow or will it just be more gold in the off shore banks for the oil barons..?
qwerty17
Champion Author New Jersey

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Message Posted: May 1, 2013 7:52:06 PM

yea baby!
nicven
Champion Author Virginia Beach

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Message Posted: May 1, 2013 7:12:43 PM

We will see!!
Vetteblu
Champion Author Denver

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Message Posted: May 1, 2013 6:48:03 PM

These folks are worse than the weather forecasters in the 1940's! I trust them as as much as polititcians!
PathfinderSC
Champion Author South Carolina

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Message Posted: May 1, 2013 6:12:07 PM

Think it is a lot of wishful thinking.
doggod
Champion Author Anchorage

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Message Posted: May 1, 2013 5:40:10 PM

Probably sells magazine ads, but I doubt if it will play out in the real world.

Infidels
All-Star Author Alberta

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Message Posted: May 1, 2013 5:34:44 PM

I doubt that OPEC or the big oil Companies let Oil fall to $20 / barrel
lonewolf_947
Champion Author New Hampshire

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Points:644,235
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Message Posted: May 1, 2013 4:45:26 PM

Wow.........you talk about prapaguanda...... they'll report anything to have you believe it.......prices will go up again.....wait & see.......they'll come up with some lame excuse why it goes up.wait & see......history repeats itself when it comes to gas prices.......
Ouch06
Champion Author Michigan

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Message Posted: May 1, 2013 4:43:02 PM

A shame that the price of gasoline is no longer effected by the price of oil.
humblepie
Champion Author Toledo

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Message Posted: May 1, 2013 4:30:39 PM

very very doubtful, just like our economy is rallying
what a cruel joke that is also..............
boatcatawba
Veteran Author Cleveland

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Message Posted: May 1, 2013 4:29:54 PM

Will gas prices fall below $2 ever again?
deputydog082
Champion Author Detroit

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Message Posted: May 1, 2013 4:17:03 PM

believe it when you see it
xgojim
Champion Author Michigan

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Joined:Mar 2011
Message Posted: May 1, 2013 4:12:49 PM

Will gas pump prices follow?
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