Colin Eaton
speaker
191 appearances
3 recordings
1 series
first heard Jul 2021
last heard Apr 2022
Colin Eaton’s voice in public audio — every appearance, attributed to the second.
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Appearances
WSJ Your Money Briefing · Why Gas Prices Aren't Falling Along With Global Oil Prices · 13 Apr 2022
podcast
Now, it is true that if large oil companies were to pump more oil, that would have a
an impact on oil prices eventually, though it would not be a panacea.
As I mentioned, the oil market is unpredictable, and there are many factors that go into the price of oil.
It depends on how many drivers decide not to take that summer road trip.
If the summer vacations were postponed because of $4 gasoline, you'd eventually see a curtailment in prices.
It depends on how big this is.
The reason that gasoline prices drop at the onset of the worst of the pandemic is because everyone stopped driving.
The price of gasoline does go up because there's more demand.
We've emerged from this economic downturn.
malaise following the pandemic.
And with that, people are traveling more.
You're seeing the price of jet fuel rise, and there's increased demand for flying, but also supply constraints.
And the same with gasoline.
Demand is pretty robust, and supply has struggled to keep up.
There are some private companies that are looking to grow oil production this year, incentivized by high prices.
ExxonMobil as well is looking to increase oil production in the Permian Basin, the largest U.S.
oil field in West Texas and New Mexico.
by 25%.
But for the most part, public independent oil producers in the United States are constrained by a number of factors, including Wall Street doesn't want oil producers to spend too much money trying to raise production.
And investors are looking at kind of a
Showing 121–140 of 191 · page 7 of 10
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