Price of Gas will stay relatively low

Since I’m in the business of predicting things, let me take a stab at the price of gasoline and oil.  We just saw a reset to $1.75, and the cold December means that more oil is going to be used as heating oil in the northeast.  Right now, the global demand for oil has dropped an astounding 5 billion barrels a day to roughly 81.6 bbd…that’s a drop of about 6%.  Non-OPEC nations ( U.S., Canada, Mexico, Russia, Norway etc.) produce about 50 bbd, while OPEC nations produce about 32 bbd.  OPEC nations talk about reducing output…BUT…here’s why they can’t…