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What price do you think oil and gasoline will be in 2022? The first question is more of an international question than the second one, of course, due to local refinery markets and fuel taxes.
And to make this more interesting than ignorant laymen guessing in the void, why do you think that price?
Currently I lean toward $240/barrel and $11/gallon, though this is as much shock value and fantasy schaedenfreude as anything, plus "I don't know, here's a wide range" being safe but not that interesting. But prices basically tripled in the past decade, why not again? Production seems near constant and to take increasing effort, demand is going up, substitutes are hard. There are technologies that offer lower prices, like coal to liquid, but they have be built to scale up to match demand, which is non-trivial, and they'd also put more demand on coal and gas or other sources.
Secondary prediction would be prices not getting that high because lots of people started living as if prices were that high, reducing demand. But what would that mean for the US?
Or because alternative sources were being used, as above, so gasoline was only $6/gallon but prices of electricity were also soaring.
And to make this more interesting than ignorant laymen guessing in the void, why do you think that price?
Currently I lean toward $240/barrel and $11/gallon, though this is as much shock value and fantasy schaedenfreude as anything, plus "I don't know, here's a wide range" being safe but not that interesting. But prices basically tripled in the past decade, why not again? Production seems near constant and to take increasing effort, demand is going up, substitutes are hard. There are technologies that offer lower prices, like coal to liquid, but they have be built to scale up to match demand, which is non-trivial, and they'd also put more demand on coal and gas or other sources.
Secondary prediction would be prices not getting that high because lots of people started living as if prices were that high, reducing demand. But what would that mean for the US?
Or because alternative sources were being used, as above, so gasoline was only $6/gallon but prices of electricity were also soaring.
