Gas prices in the news

Supply and demand?

Which takes us back to my canary in a coal mine. Most consumers' demand is rather inelastic in the US. There is no indication production has skyrocketed suddenly since October. Falling prices will trigger less shale production in due course actually. The drop in demand globally for oil is the only real possibility which means the economy will be dragged backwards into a slowdown on decreased exports.
 
Which takes us back to my canary in a coal mine. Most consumers' demand is rather inelastic in the US. There is no indication production has skyrocketed suddenly since October. Falling prices will trigger less shale production in due course actually. The drop in demand globally for oil is the only real possibility which means the economy will be dragged backwards into a slowdown on decreased exports.

Who told you that?
 
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Which takes us back to my canary in a coal mine. Most consumers' demand is rather inelastic in the US. There is no indication production has skyrocketed suddenly since October.

Falling prices will trigger less shale production in due course actually. The drop in demand globally for oil is the only real possibility which means the economy will be dragged backwards into a slowdown on decreased exports.

You're right.. Brent is down to $53 and WTI is in the low 40s... and global demand is slowing down.
 
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