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Author Topic: Short-Term Energy Outlook Back to Topics
mastermariner
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Texas

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Message Posted: Jul 27, 2013 10:41:13 AM

•The U.S. Energy Information Administration (EIA) expects that the Brent crude oil spot price will average $102 per barrel over the second half of 2013, and $100 per barrel in 2014. This forecast assumes there are no disruptions to energy markets arising from the recent unrest in Egypt. After increasing to $119 per barrel in early February 2013, the Brent crude oil spot price fell to a low of $97 per barrel in mid-April and then recovered to an average of $103 per barrel in May and June, about the same as its average over the same two-month period last year.
•The discount of West Texas Intermediate (WTI) crude oil to Brent crude oil, which averaged $18 per barrel in 2012 and increased to a monthly average of more than $20 per barrel in February 2013, fell to less than $5 per barrel in ear
Visit EIA for full article
REPLIES (newest first) Post a Reply
scu227
Champion Author New Haven

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Message Posted: Jul 28, 2013 9:27:17 AM

That's still way too high.
VMIJim
Champion Author Alabama

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Message Posted: Jul 28, 2013 8:30:16 AM

Anything coming out of the Obama Administration should be considered a lie or part of the grand coverup scheme. The bottom line is that Obama has done nothing to control oil speculation or prices, reduce our dependence on foreign oil, or improve our economy. His sole agenda is to cater to his tree hugging, stimulus sucking, union dominated, ultra liberal major contributors. As a result, we continue to be screwed at the pump, with our utilities, & with our taxes. Nothing will change as long as Obama is in office & controls the Senate. 2014 Elections are coming - stop this madness!!
heydano67
Champion Author California

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Message Posted: Jul 28, 2013 2:04:42 AM

it should be about $50
Tekkersmom57
Champion Author Syracuse

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Message Posted: Jul 27, 2013 11:03:21 PM

Spot on, "streetdesign"!
USMCturtlehead
Champion Author Lexington

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Message Posted: Jul 27, 2013 5:52:45 PM

What happened to $50 oil?
mike56MI
Champion Author Michigan

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Message Posted: Jul 27, 2013 5:02:07 PM

OK
1momsunshine
Champion Author Ottawa

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Message Posted: Jul 27, 2013 4:56:45 PM

hmmm
streetdesign
Champion Author Illinois

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Message Posted: Jul 27, 2013 3:05:32 PM

The greedy speculators have made money of the negative news to push up crude prices. It is sad that refinery issues continue when they should be operating more efficient with less problems. The refiners don't care because they can pass on the cost to the consumer otherwise they would have done something to prevent these shut down problems.
bwatchingu
Champion Author Arkansas

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Message Posted: Jul 27, 2013 2:58:09 PM

hmmm
mastermariner
Champion Author Texas

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Message Posted: Jul 27, 2013 11:33:43 AM

Looking to maintain that $100 bbl oil
humblepie
Champion Author Toledo

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Message Posted: Jul 27, 2013 11:30:17 AM

bleak and bleaker
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