Nobody knows just how low the price of oil and natural gas will go due to the COVID-19 coronavirus crisis (see today’s companion story), but that doesn’t stop prognosticators from rendering estimates of prices and (in this case) production levels. We spotted a couple of stories of interest. One story takes a stab at estimating where natural gas production in the U.S. will end up this year (down 2.4 Bcf/d), and another story estimates where oil production will end up this year (down 1 million barrels/day). Here are those predictions and rationale, for what it’s worth…
Nobody knows just how low the price of oil and natural gas will go due to the COVID-19 coronavirus crisis (see today’s companion story), but that doesn’t stop prognosticators from rendering estimates of prices and (in this case) production levels. We spotted a couple of stories of interest. One story takes a stab at estimating where natural gas production in the U.S. will end up this year (down 2.4 Bcf/d), and another story estimates where oil production will end up this year (down 1 million barrels/day). Here are those predictions and rationale, for what it’s worth…