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US Energy Prices Are Entering A Golden Age [Presentation]
Memo to U.S. energy consumers: you’ve got it good.
That was the conclusion we drew from the presentation given by Vienna-based JBC Energy’s Alexander Poegl at this year’s Association for the Study of Peak Oil mega-conference.
Slowing demand, cheap natural gas and ramped up production are conspiring to give American customers a five- to ten-year moment of low, low prices.
Read on to see why Poegl believes that for the foreseeable future, petroleum product users will be able to rest easy at night.
At first blush, things look bad: The 12-month moving average for Brent is at a record high.
… But volatility, on which speculators thrive, has fallen dramatically.
That’s because of macroeconomic uncertainty — which has practically frozen markets.