27.01.2014 - Will soaring domestic production crush oil prices?
Oil prices face a number of headwinds as 2014 begins. One is the Federal Reserve tapering its stimulus programs, which has resulted in higher interest rates and a stronger U.S. dollar. Perhaps no bigger threat looms over oil prices than soaring oil production in the United States. The U.S. is on the brink of a true energy renaissance, thanks to huge amounts of resources that are suddenly viable as a result of rapid technological advancements. The combination of higher interest rates and a domestic supply glut would likely be bearish for oil prices. That's why investors should consider the possibility of a downside to the oil and gas boom in the United States...............................................Full Article: Source
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