In 1931, oil prices had declined eighty-four percent from their 1926 peak. The same fate likely awaits producers of oil, natural gas, and other commodities today. Click here to read more.
A Slowdown or Worse
The collapse of consumer sentiment shown in the figure here warns of a slowdown or worse. See Our View on this page.
A "Crashingcycle" for Oil and Natural Gas Prices (April 14, 2025) -- Before this cycle ends, crude oil could fall below $20 and perhaps even $10 per barrel. US natural gas prices might drop below $1 per million cubic feet.