Bank of America: OPEC is Dead, Oil Goes to $50/Barrel, LNG Drops

The price of oil, as certainly connected to shale drilling. Even the price of natural gas is influenced by what oil is doing (see our recent story Will Low Oil Prices Slow Northeast (Indeed All) Shale Drilling?). So it was with great interest we read that Bank of America analysts have declared that OPEC is effectively dead and that oil prices may make a run at $50 per barrel–and begin to swing wildly in the coming years. BoA also sees LNG prices dropping like rock…

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