The below charts were derived from the data published by a very reputable oil and gas analyst and forecaster in Texas. Because the firm charges for their data forecast I am at not at liberty to disclose their name. All data through 2014 is the actual price and production data. Data from 2015 through 2025 is forecast data. This data came out over a month ago so some of 2015 is forecast data. All production data is in million barrels per day and is Crude + Condensate except the World forecast which includes NGLs. Notice also that all U.S. data dates from 2008 while all other data begins with 2013. G Price Oil price drops only slightly next year then rises in 2017 and 2018. Then it levels out for about 5 years before rising sharply in 2024 and 2025. My guess, and it is just my guess, is […]