Expert predicts the price of oil: Going up, or down?

Two weeks ago, we sat down to talk energy with Jason Schenker, president and chief economist of Prestige Economics in Austin, Texas. He specializes in commodity markets and is known for the accuracy of his price forecasts, so when he talks about what’s ahead for oil and natural gas, it pays to take note. Here are highlights of our conversation, lightly edited for clarity.

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