• 4 minutes Energy Armageddon
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 10 minutes Russia Says Europe Will Struggle To Replace Its Oil Products
  • 11 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 10 hours Reality catching up with EV forecasts
  • 10 days "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 4 days 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 9 days A Somewhat Realistic View of the Near Future for Electric Vehicles Worldwide
  • 2 hours Famous author Michael Crichton talks about the "Climate Change Religion" aka Feudalism 2.0
Dan Dicker

Dan Dicker

Dan Dicker is a 25 year veteran of the New York Mercantile Exchange where he traded crude oil, natural gas, unleaded gasoline and heating oil…

More Info

Oil Market Predictions for 2014

For my last column of 2013, I’ll give a few predictions for the energy markets for 2014 and one in particular where I am almost alone among the energy analysts out there:  Oil will see significantly higher prices in 2014 than in 2013.

Most analysts I read see the fundamental picture in oil from a US-centric point of view; that is, an increasingly strong production trend from the oil shale plays here in the US from the Bakken, Eagle Ford and newly developing Permian basin and couple that with an increasing efficiency and demand slackening here in the US which has led them to predict subsequently lower prices.  I don’t think they could be more wrong.

Forget for the moment the financial metamorphosis taking place in oil trade, moving it decidedly from the control of investment banks and single-manager fund operators to the megalopolis state-supported and unregulated oil firms like Rosneft and the dominating trade companies like Glencore – this trend is worrying for a number of reasons and will almost certainly impact the global price of oil upwards – but perhaps that subject is better saved for another column.

Instead let’s look fundamentally – geopolitically – at the global oil picture for the near future and you cannot help but see nothing but risks on oil price to the upside.

Sure, the US is generating a new and amazing supply of high quality, low-sulfur crude oil -  but even best scenario estimates…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News