LONG-TERM PROSPECT OF OIL AND GAS PRICES

Abstract

Ever since the market was formed, people have been interested in the future prices fluctuations. The one whose cognition was closer to the realization had leverage in comparison to other participants of the market competition. When it comes to oil, it becomes all the more interesting. Oil is a loyal companion of the cyclic development of capitalism, and earnings from changes in oil prices have become greater than the earnings from the production itself. Therefore, this paper endeavours to consider the long-term oil and gas prices prospect through capital market analysis rather than through the usual complex econometric models.