Robert Rapier gives his take on energy markets in 2022 for Oilprice.com.
- Rapier predicts that oil prices will likely remain higher due to constrained supply, natural gas prices will begin to fall, and domestic oil production will increase.
- Whether or not the price of oil will fall will depend on domestic and global supply, with OPEC being a continued wildcard.
- With increasing political pressure to address high gasoline prices, the Biden administration will likely ease restrictions to allow for domestic energy producers to increase production.
“The energy sector is also in transition to a lower-carbon future. Even most major energy companies publicly recognize this. It seems clear to many where things are headed in the long term, but it is much more difficult to predict the trends on a year-to-year basis.”
Read the full article here.