Reuters: Oil prices could reach $100 as demand surpasses supply
Monday, January 17, 2022
A lack of production and capacity and limited investment in the oil and gas sector could push crude oil prices past $100 a barrel after rallying 50% in 2021, according to Reuters.
Brent crude futures hit two-month highs last week, trading above $84 on Wednesday.
Although the Omicron coronavirus variant has pushed COVID-19 cases to surpass last year’s peaks, analysts believe oil prices will remain strong due to the reluctance of many governments to restore regulations that affected the global economy when the pandemic began.
Learn more: Reuters > Oil prices could hit $100 as demand outstrips supply, analysts say
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What are mineral rights?
Mineral rights are the rights of the owner of the property to mine or produce any resources below the surface of the property. Mineral rights are different from surface rights.
Will I get free natural gas if I allow fracking on my property?
Maybe. It depends on your particular lease agreement. Some companies allow property owners a yearly free gas allowance. But, the process of connecting your property to the gas source may be more complicated. Some companies will provide a hookup, others require the landowner to provide one.