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.
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