Posts tagged “gas production”
Happy New Year to readers around the world! For the past 5 or 6 years, I have begun the year by making predictions for the upcoming year in the energy markets. I am generally happy if I can hit on 60-80% of them. In 2014 I went 5 for 5, but I can say with a fair amount of confidence that this is a feat that’s unlikely to be repeated for 2015.
The reason for this is that I see a lot of uncertainty in the energy markets at this point. There are many changing variables right now, and the direction on several fronts is unclear. And if you look at some of the predictions others have made, that becomes obvious. I have seen predictions of $30 per barrel (bbl) oil and $100/bbl oil, and some suggesting that we would see both extremes. I have also seen people predict that oil production would decline in the U.S. after rising for 6 straight years.
Nevertheless, it’s time to take a stab at 2015. I will offer up my predictions, and explain the reasoning behind them. This year I am going to make 6 predictions. Note that understanding the narrative around the prediction can be more important than the prediction itself, because that can better prepare you for reacting to changing market conditions. CONTINUE»