Serious energy deflation is coming...

[Harpy Eagle]

‘Serious energy deflation’ is coming whether Trump or Harris wins, says analyst

No matter who wins the election, energy prices are poised to drop.

finance.yahoo.com

Serious energy deflation’ is coming whether Trump or Harris wins, says analyst​

“Whoever gets elected in November is going to be very fortunate in that they are going to be dealing with some of the most serious energy deflation ... since 2020,” Tom Kloza, OPIS Global head of energy analysis, told Yahoo Finance, referring to the start of the pandemic lockdowns four years ago when US crude prices slumped as travel demand collapsed.

...

Weak demand out of China, the biggest importer of oil, has been the main driver of declining crude prices. The country has been battling a housing crisis while shifting toward electric vehicles and more natural gas consumption.


This is good news for those so very worried about the price of gas.

 

[1srelluc]

OK.

Not that I care all that much, it's just that you took the time to post and I wanted to acknowledge that.

 

[Synthaholic]

Not that I care all that much,

Now you DONT care about gas prices?

 

[odanny]

Gas price is now a national average of under $3.00.

Thank you President Biden!

 

[saveliberty]

‘Serious energy deflation’ is coming whether Trump or Harris wins, says analyst

No matter who wins the election, energy prices are poised to drop.

finance.yahoo.com

Serious energy deflation’ is coming whether Trump or Harris wins, says analyst​

“Whoever gets elected in November is going to be very fortunate in that they are going to be dealing with some of the most serious energy deflation ... since 2020,” Tom Kloza, OPIS Global head of energy analysis, told Yahoo Finance, referring to the start of the pandemic lockdowns four years ago when US crude prices slumped as travel demand collapsed.

...

Weak demand out of China, the biggest importer of oil, has been the main driver of declining crude prices. The country has been battling a housing crisis while shifting toward electric vehicles and more natural gas consumption.


This is good news for those so very worried about the price of gas.

Really poor analysis. AI uses far more energy and the demand will increase dramatically

 

[Harpy Eagle]

Really poor analysis. AI uses far more energy and the demand will increase dramatically

Not over the next year or so it will not, which is the time frame of the analysis

 

[saveliberty]

Not over the next year or so it will not, which is the time frame of the analysis

It is so bad that old nuclear plants are being brought online.

 

[Synthaholic]

After pitching, moaning, and whining like little girls about the price of gas, wingnuts will completely dismiss low gas prices over the next few months. All of a sudden, like the moron in post #2, they don't care!

 

[elektra]

After pitching, moaning, and whining like little girls about the price of gas, wingnuts will completely dismiss low gas prices over the next few months. All of a sudden, like the moron in post #2, they don't care!

$3 is not low

 

[Captain Caveman]

Now you DONT care about gas prices?

Gas? What about liquids?