Energy Quote of the Day: ‘Oil Prices are Expected to Remain High Enough in 2015…’

Energy Quote of the Day: ‘Oil Prices are Expected to Remain High Enough in 2015…’

By Jared Anderson

Today the US Energy Information Administration slashed its 2015 oil price forecasts, but the statistical arm of the DOE still expects total oil output to increase to volumes not seen since 1972. As we reported last week, it will take some time before current lower oil price levels manifest in lower US oil production volumes.

Keep reading →http://breakingenergy.com/2014/12/09/energy-quote-of-the-day-oil-prices-are-expected-to-remain-high-enough-in-2015/?utm_source=Breaking+Energy&utm_campaign=946b38d24e-RSS_EMAIL_CAMPAIGN&utm_medium=email&utm_term=0_f852427a4b-946b38d24e-407304281