Check out today’s column by financial expert and nationally syndicated radio and television host Dan Celia in Townhall.com, where he says OPEC’s recent agreement to curb oil production is impacting prices at the pump.
But, says Celia, who also leads Financial Issues Stewardship Ministries (FISM, www.financialissues.org), consumers may want to wait until Monday before resigning themselves to climbing gasoline prices. This weekend, Celia says, 15 non-OPEC countries as well as OPEC nations will meet in an attempt to figure out how the recent deal will impact them.
“And it is not out of the realm of possibility that by the end of the weekend, the entire production cutting deal will fall apart,” Celia says. “If that happens, of course, oil prices will begin to drop dramatically next week. Here’s the big question: Will gasoline prices drop too? Not likely. Keep in mind that the Donald Trump administration is set on a surge in oil production here in the U.S., using our energy resources to grow into and work with a stronger economy. This assumes, however, that we have a growing economy in the upcoming 12 months and take into consideration that it is very possible that we could see the Euro zone and parts of Asia worsening. This could have an impact on global demand for oil.”
View Celia’s recent videos from his daily show, “Financial Issues,” on these topics:
To book an interview with Dan Celia, contact Jen Retallick, 610-584-1096, x100,Media@HamiltonStrategies.com, or Deborah Hamilton at 215-815-7716 or 610-584-1096, x102.