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GasBuddy News Article

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Oil prices' new dynamic: too much oil, too little demand?

The Christian Science Monitor -- Oil prices could fall over the next five years as supply grows and demand languishes, a new report forecasts. Expanding production from North America and shift in demand to Asia behind new dynamic for oil prices.
Oil prices started the week on a down note Monday as traders focused on tepid economic signals in China.
Benchmark oil prices fell in London as Brent crude traded below $114 a barrel. In late morning trading in the US, oil prices on the New York Mercantile Exchange were down below $91.
The daily ups and downs of the oil market hint at a much bigger picture. The world of energy, as we know it, is beginning to look a little topsy-turvy. And the effect on oil prices could be beneficial for consumers....


Read the Full Article

Submitted Oct 17, 2012 By: Bill G.
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil prices' new dynamic: too much oil, too little demand? Back to Topics
REPLIES (newest first) Post a Reply
gasolineowl
Champion Author Connecticut

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Message Posted: Feb 2, 2013 3:47:24 AM

Where do you live? Oil & gas prices have been on the rise here in Conn.My stocks on the oil market also have risen to make me a huge profit on the plus side of the economy.
DanMtz
Champion Author Oakland

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Message Posted: Oct 18, 2012 10:57:21 AM

The economy would boom if there were suddenly "cheap" oil.
A2J
Champion Author Richmond

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Message Posted: Oct 18, 2012 9:11:59 AM

Indeed
jrs4125
Champion Author Indiana

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Message Posted: Oct 18, 2012 6:09:33 AM

Alrighty then
SaturnSC
Champion Author Columbus

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Message Posted: Oct 18, 2012 5:28:37 AM

Yah right
07skydriver
Champion Author Ohio

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Message Posted: Oct 18, 2012 5:28:10 AM

Just stay home.
pepinoNC
Champion Author Raleigh

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Message Posted: Oct 18, 2012 2:41:08 AM

Sounds like a massive conspiracy.
Beeble
Rookie Author Albuquerque

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Message Posted: Oct 17, 2012 11:24:25 PM

Want prices to keep falling? Buy a more energy-efficient vehicle. If we all added 10% to our efficiency, that would knock 10% off prices (or more, since it would also panic the oil retailers into more price wars).
obimerrill
Champion Author Cincinnati

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Message Posted: Oct 17, 2012 11:23:36 PM

Riiiiiight
tedjm1
Champion Author New York

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Message Posted: Oct 17, 2012 11:22:52 PM

Don't hold your breath.
MN1
Champion Author Twin Cities

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Message Posted: Oct 17, 2012 11:21:21 PM

Not holding my breath.
Ray_10589
Champion Author New York

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Message Posted: Oct 17, 2012 11:21:13 PM

not likely
zdcatc12
Champion Author San Antonio

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Message Posted: Oct 17, 2012 11:20:31 PM

Don't believe it.
KDMWI
Champion Author Wisconsin

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Message Posted: Oct 17, 2012 11:20:15 PM

On the same article under Related Stories, it says,

Rising demand for oil could lead to global double-dip recession
WhiteTreeIndian
Champion Author New Jersey

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Message Posted: Oct 17, 2012 11:19:37 PM

That is supposed to bring it down
Is246
Champion Author Albuquerque

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Message Posted: Oct 17, 2012 11:16:52 PM

Good, we'll see if it happens.
DEG
Champion Author Las Vegas

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Message Posted: Oct 17, 2012 11:14:36 PM

The demand would increase if oil were properly priced. It is about double what is reasonable for the world's economies.
johton
Champion Author Seattle

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Message Posted: Oct 17, 2012 11:14:11 PM

up and down and too high
nurdco
Champion Author Colorado Springs

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Message Posted: Oct 17, 2012 11:14:09 PM

DROP the RETAIL price at the pump and WE WILL COME...
Yooperheart
Champion Author Michigan

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Message Posted: Oct 17, 2012 11:13:30 PM

No body is working, don't need the fuel when you sit home.
Wanda127
Champion Author Florida

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Message Posted: Oct 17, 2012 11:11:08 PM

Hope the prices drop soon.
Glock26
Champion Author Dayton

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Message Posted: Oct 17, 2012 11:10:13 PM

Good!!!
AnObserver
Champion Author New Jersey

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Message Posted: Oct 17, 2012 11:08:57 PM

The Law of Supply and Demand strikes again
joel27nc
Champion Author Raleigh

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Message Posted: Oct 17, 2012 11:08:17 PM

Why aren't the prices fallen fast then?
Kawibiker
Champion Author Illinois

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Message Posted: Oct 17, 2012 11:07:08 PM

Good, hope demand drops and prices drop also..
boatfloyd
Champion Author Jacksonville

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Message Posted: Oct 17, 2012 11:06:52 PM

The demand will come back.
N5EXY
Champion Author Austin

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Message Posted: Oct 17, 2012 11:06:09 PM

Only 20 days until the ejection.
shores4now
Champion Author Kentucky

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Message Posted: Oct 17, 2012 11:04:51 PM

Ok
Blue_Cruzer
Champion Author Lexington

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Message Posted: Oct 17, 2012 11:03:55 PM

Wishful thinking.
rahcat
Champion Author Grand Rapids

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Message Posted: Oct 17, 2012 11:03:38 PM

Can't read entire article.
jrsva
Champion Author Virginia

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Message Posted: Oct 17, 2012 11:00:28 PM

Some cross talk going on here. This article:
“Oil prices' new dynamic: too much oil, too little demand?”

Link under Related Stories at the end of the article:
“Rising demand for oil could lead to global double-dip recession”

OK folks, which is it??

gizmojoe
Veteran Author Ontario

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Message Posted: Oct 17, 2012 10:59:04 PM

Price is too high already
clermont40miles
Champion Author Cincinnati

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Message Posted: Oct 17, 2012 10:56:49 PM

Price is high regardless.
camaro_man
Champion Author Kitchener-Waterloo

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Message Posted: Oct 17, 2012 10:55:27 PM

whatever...
ty58
Veteran Author Akron

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Message Posted: Oct 17, 2012 10:54:14 PM

ok we'll see
MrPony
All-Star Author North Carolina

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Message Posted: Oct 17, 2012 10:53:42 PM

Then lower prices and create demand!
boatmen
Champion Author New York

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Message Posted: Oct 17, 2012 10:52:11 PM

not with them closing refinery's to keep supplys limited Greed
jim5000
Rookie Author Los Angeles

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Message Posted: Oct 17, 2012 10:51:49 PM

it's politicians fault
us4usa
Champion Author Missouri

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Message Posted: Oct 17, 2012 10:51:27 PM

That light burning at the end of the tunnel is warming up the soup pot, for the poor and now middle class...
goodbuy
Champion Author Michigan

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Message Posted: Oct 17, 2012 10:49:41 PM

And this is all President Bush's fault.
nru
Champion Author Twin Cities

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Message Posted: Oct 17, 2012 10:49:03 PM

Stop the roller coaster - put the federal fleet on CNG, and tell Putin to go back to his hole
clement007
Champion Author Cleveland

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Message Posted: Oct 17, 2012 10:48:59 PM

can't read the article!
wang91554
Champion Author San Jose

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Message Posted: Oct 17, 2012 10:48:14 PM

if there's too little demand, the high cost wells will stop producing. Simple as that.
gabfiore
Sophomore Author San Diego

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Message Posted: Oct 17, 2012 10:46:47 PM

It seems there is a light burning at the end of the tunnel...but a noticable change is not soon enough!
dld1295
Champion Author Detroit

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Message Posted: Oct 17, 2012 10:46:45 PM

This story sounds very famliar
mrbee
Champion Author Little Rock

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Message Posted: Oct 17, 2012 10:45:49 PM

We are waiting.
WIPACKERFAN
Champion Author Chicago

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Message Posted: Oct 17, 2012 10:45:28 PM

Time will tell.
SparkieMi
Champion Author Kalamazoo

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Message Posted: Oct 17, 2012 10:40:33 PM

Time will tell!!!!!
FlyNFool
Champion Author South Carolina

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Message Posted: Oct 17, 2012 10:39:33 PM

That's a good thing.
lolhahaha
Sophomore Author San Diego

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Points:14,360
Joined:Oct 2012
Message Posted: Oct 17, 2012 10:38:43 PM

"Let's see if we can get the prices to the 80's levels: 99 cents a gallon."

People seem to forget, we were paying 95-1.05 a gallon in 2001-2002 in a lot of the country. I surely remember paying under a dollar for a while there.
g303v303g
Sophomore Author California

Posts:169
Points:144,005
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Message Posted: Oct 17, 2012 10:33:20 PM

How is The Christian Science Monitor an authority on anything oil related? Looks like a bait and switch tactic for slanted election information.
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