A long-standing tradition at RBN is our annual Top 10 RBN Energy Prognostications blog, where we lay out the most important developments we see for the year ahead. Unlike so many forecasters, we also look back to see how we did with our forecasts the previous year. That’s right! We actually check our work. Usually we can get that all into a single blog. But a lot will be coming at us in 2017, so this time around we are splitting our Prognostications into two pieces. Tomorrow’s blog will look into the RBN crystal ball one more time to see what 2017 has in store for energy markets. But today we look back. Back to what we posted on January 3, 2016. Recall back in those days that crude production had not started to decline materially, West Texas Intermediate (WTI; the U.S. light-crude benchmark) was at $37/bbl, natural gas was $2.33/MMbtu in the middle of winter, Congress had just OK’ed crude exports, and weak exploration and production companies (E&Ps) were dropping like flies. Now let’s look at RBN’s Prognostications for 2016.
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