Posted in Business

For Pensacola City Council: Oil prices predicted to drop

   November 14, 2016

The Hayward Administration has been betting on crude oil prices going up by next summer in hopes of being able to collect on receivables owed by OffShore Inland and maybe finding a tenant for the warehouse that was built for DeepFlex.

Forbes contributor Panos Mourdoukoutas believes oil prices are headed downward.

“Oil is heading back to the January lows, as hopes of an OPEC output freeze have been fading,” he wrote for Forbes. “In fact, OPEC members like Iran, Libya, Iraq, and Nigeria have been raising rather than cutting oil output since the Algiers meeting, according to recent industry reports.” Read “Oil is Heading Back to $20s.”

The Pensacola City Council is holding a workshop today to discuss a new Port Economic Feasibility Study Committee. The meeting will be held after the Agenda Review.

Share:

Rules for Comments

Your comments are welcomed, but there are some rules to follow:

(1) Be Nice. No comments that slander another, no racism, no sexism, no personal attacks.

(2) No Harrassing Comments.

(3) No Libel. That’s saying something is not true about someone. Don’t do it.

(4) Keep it clean. Nothing vulgar, obscene, or sexually related. No profanity or obvious substitutions.

(5) I reserve the right to remove any comments that violate our rules or are inappropriate. I am not responsible for what is posted. Comments may not appear right away until they are approved by a moderator.

(6) Limit your comments to the subject in this story only, and limit comments to 1,500 characters or less. Do not post copyrighted material. Comments will not be added to stories that are over five days old.

(7) No posts may advertise a commercial business, political candidate, or political group. Links in a comment aren’t allowed.

8) Commenting too many times may result in your comments not being allowed. Readers will begin to ignore your views.

9) Email me if you believe a comment violates any of these rules, and it will be deleted.