Perryman Oil Update. 3 Point Conclusion.

In an April 15th oil update to the Rio Grande Guardian, Economist Ray Perryman concludes with:

  • “prices will begin to trend upward later this year”
  • “declining shale production also has a somewhat corrective price effect”
  • “prices are below the sustainable long-term equilibrium level, and such situations rarely persist for extended periods of time”