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.
Read the full article here.