Oil and gas prices

The change in policy regarding increased drilling will have a positive effect on gas prices this summer. Prices were expected to rise above four dollars but that may not happen. In fact prices should come down to below three dollars. “For the last year, year and a half, it’s been OPEC+ running the show, but U.S. production is coming back already, and it’s going to come back more in 2022,” said oil expert Daniel Yergin. The same can be said for home heating cost. From Reuters on January 11, 2022: U. S. natural gas production will rise to an all-time high in 2022, the US Energy Department said in its short term outlook.