America’s booming oil industry could help push oil prices lower over the next few years, and some analysts claim $50 per barrel oil is a possibility. CNN Money reports that analysts at Bank of America Merrill Lynch expect U.S. oil prices to average about $90 per barrel over the next two years, but prices could sink to the $50 level at some point during that time frame. The Merrill analysts also said global oil prices, which more closely dictate the price of gasoline in the United States, are expected to remain high as growth... View Blog Post »

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