Oil Price and Gasoline Price Forecasts Oil and Gasoline prices were expected to fall in 2026, primarily due to a weaker global economy and a rising flood of oil supply from non-OPEC+ producing countries. As we know in March, those forecasts flew out the window as the US/Israel/Iran war has curtailed production globally. And Iran’s…
EIA Predicts Big Price Drop in Brent and WTI Oil EIA, the US Energy Information Administration made it’s predictions for future oil prices and surprisingly, they believe oil prices will fall. In their latest price forecast, a shocking one, they predict the price of Brent crude oil will average $75/b in 2022 and $68/b in…
Oil Companies Bid on Gulf Oil Field Rights The big news is President, fresh from his trip to Europe to push anti-oil policies, extra taxes and anti-development ideas to the world (including poor countries who can’t afford EVs), is selling massive oilfield drilling rights in the environmentally sensitive Gulf of Mexico. Yes, this the same…