Q&A of the Day – How Venezuela's Future Will Impact Oil & Gas Prices

If all other factors were equal to what we see in the marketplace today, if Venezuela were producing at what’s known to be able to be achieved, gas prices, for example, would decrease by aproximatley 20% from current levels based on what are known as elasticity models. Based on current usage/demand and prices – it could bring annualized savings of over $400 per household in today’s dollars.