http://www.telegraph.co.uk/finance/oilprices/11283875/Bank-of-America-sees-50-oil-as-Opec-dies.html
I'm assuming this is good news for our gas prices?
There was a lot of info in their report - sounds like we'll all benefit in the short trerm, until
the glut of cheap oil is reduced by production cuts. The oil companies who are extracting crude
from places with higher acquisition and production costs will be hurt, as some of them will
not be able to break even at a price point of $50 per barrel if oil prices fall as much as
this report estimates.
Gas prices in Northeastern Ohio should continue to fall as more local pipeline infrastructure
and processing facilities come online. This should especially apply to natural gas for
the area.