Is Social Media Driving Down Oil Prices?

The direction of WTI crude oil is certainly volatile, but will the price remain above $90 per barrel or not in 2014? Joel South and I debate the potential for WTI crude oil to rise or fall and share insights that go beyond traditional fossil fuel demand drivers. For instance, today's teens are so socially connected through digital forms of communications that many are delaying or even forgoing the chance to drive to the mall or meet friends in town.

Can the new digital social age cause crude oil prices to drop more than many analysts are anticipating? Conversely, despite less geopolitical concerns in the Middle East, is it too premature to think we are out of the woods? Will increased supplies from Iran and Libya continue at the pace we are led to believe? What will the rally or decline in WTI crude oil prices do to shares of ExxonMobil (NYSE: XOM  ) , Chevron (NYSE: CVX  ) , Valero (NYSE: VLO  ) and Phillips 66 (NYSE: PSX  ) ? Tune into the video below for answers to these questions and more. 

How OPEC's pain can be Buffett's gain -- and yours
Imagine a company that rents a very specific and valuable piece of machinery for $41,000... per hour (that's almost as much as the average American makes in a year!). And Warren Buffett is so confident in this company's can't-live-without-it business model, he just loaded up on 8.8 million shares. An exclusive, brand-new Motley Fool report reveals the company we're calling OPEC's Worst Nightmare. Just click HERE to uncover the name of this industry-leading stock... and join Buffett in his quest for a veritable LANDSLIDE of profits!


Read/Post Comments (1) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On January 21, 2014, at 6:36 AM, MightyMinnow wrote:

    Kids that are connected still need to meet. Friends out of state mean a longer drive.

    The UPS man uses gas too. Its probably less efficient than customers driving to the mall or Wal-Mart.

Add your comment.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2798217, ~/Articles/ArticleHandler.aspx, 10/2/2014 2:44:29 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement