Written on: May 1, 2017
Our country is producing so much oil that we are moving toward being a net exporter of oil, rather than a net importer. This could happen within the next 10 years. And that’s good news for the future of oil prices.
Other factors helping to keep a lid on prices include a strong dollar and a slow growth in global demand. The bottom line: The predictions that oil would be more expensive than natural gas are proving as yesterday as VHS tapes.