Ask an expert: Where are oil prices heading?

MSN Money's Anthony Mirhaydari answers Facebook users' questions about energy prices.

By MSN Money Partner Feb 10, 2012 10:02AM

Image: Anthony MirhaydariWhere are oil prices headed, and what does it mean for you, the economy and stock prices? In this video, MSN Money columnist Anthony Mirhaydari explains why he sees oil prices falling in the coming months.


And as he answers questions from MSN Money's Facebook community, Mirhaydari also explains why alternative energy is the sector to avoid.

Feb 10, 2012 3:08PM
The better the economy gets and the better the unemployment rate gets the higher oil will go.  More people working, spending money buying oil based products and driving to work. Investors see this and will pile into oil making price increase.  Happens everytime. Then wehn it hits 4 bucks a gal and stays there you will see poor economic numbers and layoffs.
Feb 10, 2012 3:39PM
The oil companies and their mouth pieces (media) are nothing more then modern day terrorists.  Have you noticed how the media puts out the news about impending gas prices for these terrorists.  Then as long as we the people don't raise a stink, they raise prices, not because it costs more, but because they know we won't do anything about it, and the government is in the back pocket of big oil, and they sure won't do anything about it.  That would be like killing the golden goose.  Greed at it's best.

the greatest ripoff in the history of man .. these oil companies have paid so much money thru the lobby industry that all those in washington are nothing but puppets for big oil . we need to get them out and elect those who will make changes to laws about prices they can charge and profits they can make . these people prove that allowing them to run wild is the blueprint to failure of our country as we know it . sorry to say it but- GREED on their part has made it time to put controls back on them . the same can be said for the medical industry also . what we pay for drugs is way out of reason . we pay high so foreign countries can buy cheap . time to change folks .


Feb 10, 2012 3:05PM
The downfall of man will be man and his endless greed for more and more!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Feb 10, 2012 4:13PM
Pretty lame to blame IRAN.....Venazuela and Canada are the 2nd and 3rd largest reserves....What does IRAN have to do with we act like we are so scared of these people...really...get tough people...let IRAN do what they do.....I live in Maryland and IRAN is messing with my commute to work...really...C mon people...your being fed BULL CRAP...EXXON is the most profitable company in CAPITALISM history....
Feb 10, 2012 3:38PM
The Stone Age did not end because we ran out of stones. The Oil Age will not end because we
will run out of oil. Fuel alternatives to oil will be found and in place (hydrogen, for example) long before the supply of oil runs out. We'll see how greedy oil rich countries are then.

Feb 10, 2012 6:16PM

Just gassed up at Irving at $3.85 a gallon this Friday afternoon in CT.  It was $3.79 this morning !!   How can they raise prices for gasoline still in underground tanks that was delivered for less money??   It seems strange that when oil goes up today,  the next day gas prices go up..  When oil goes down its a week later that the gas prices go down..    I guess it's common practice because there are no prices labled anymore on canned goods in a grocery store,   they just change the price electronically for both old and new product on the shelf..  Seems like pastry and snacks have prices printed on the wrapper so they can't change anything..


Feb 10, 2012 4:56PM
monopoly???????   used to be illegal. not now with oil companies in the back pocket  of our elected government
Feb 10, 2012 10:43PM
We get most of our oil from Canada,speculation again.just when our economy starts to get steam we have to fund the traders on wall street...We have more gas than what we need..Reform the market..
Feb 11, 2012 12:38AM

What I find equal parts puzzling and laughable is how inflation is calculated, and perhaps one of you can explain why they do so for me, as it makes no sense.


They (the covernment) exclude fuel and food prices from reported inflation stating that their prices are far too volatile to figure in. To me, this seems like a case of them only wanting to report what they want to, as opposed to what the numbers truly say. Sort of like the reported, or should I say, government-approved unemployment numbers that are reported, instead of the U-6 under-utilization numbers which are a better gauge of un/under-employment.


My wife and I keep receipts just so we can look back and do some historical analysis on a yearly basis to figure out budgeting for the coming year; although, with two kids, ages 1 and soon-to-be 3, we're going to be revising those budget numbers more and more. But, getting back on point here, just looking at grocery receipts from a couple years back compared to now, and seeing the amounts of food we're bringing home spending comparable amounts of money, it's actually quite shocking how much food prices have gone up, and this is with pretty vigilant sale/coupon hunting as well. Also, looking at gas purchases, aside from short blips where prices dropped any apreciable amount, the only volatility in the past two years worth of receipts has been up, up and up...hardly what I'd call volatile, and simply just being inflationary due to poor monetary policy and other factors.


So, looking at our situation, and that of many people, the two things that eat up a lot of money every month are our food and fuel expenses; it's nice to have gas in the car to go to work, and food to put on the table for the family, and those two sure eat up a LOT of money every month, so having them excluded from inflation calculations is just puzzling to me...why do they really do this aside from manipulating numbers to their favor?

Feb 10, 2012 11:23PM
26 Refineries were closed in the US, so oil companies could control Price and demand. The oil companies are making profits.   Let's see our President do something abot it !!!!!
Feb 10, 2012 11:31PM

Here is something I just don't understand. When Bush was in Office OIL went up to $150. barrel and gas was around $3.50. NOW OIL is about $100. a barrel and Gas is at about $3.65 BUT I don't hear any CRYING from the LEFT. WHY??????

At least People were working when Bush was in , Now Few people are working and the GAS PRICES are going through the ROOFTongue out   I am not working and I just laid off 15 EmployeesCrying

My Son hasn't worked for THREE YRS ,Sad Has been on 150 Interviews but keeps getting the same ol, Well your Just what we are looking forSmile ,BUT we are going to hire from WITH-INI don't know 


Feb 10, 2012 7:09PM
Exxon-Mobile has 2010 revenues of $387 Billion. Of that profits were $31 billion. About a 8% margin.The CEO only got $28 miliion? But you are OK with sports players and actors making more than that? For playing a game or pretending to be a character?

The CEO of Exxon Mobil has not created or done anything. Simply inherited an already monster company, and does very little that I would consider to be individually driving the company.


Not to mention what are has stock options worth? It's not just salary pay.


You know many sports figures our actors in the Forbes 400? There are barely any. Oprah, Tiger Woods, etc.


Almost all of them are CEOs or associated with stock investing.


*Most of which have done very little except politic there way into the CEO position and then skim golden parachutes and options that leverage company earnings into their pockets*


In terms of "talent" most Actors/Sports players have far more than CEOs. I mean CEOs, aren't even the smartest people. Most CEOs aren't engineers, or inventors, or have PHDs.


If you look at a lot of metrics, just ask what are they really doing to earn anything at all?

Feb 10, 2012 5:10PM

Exxon's CEO total comp in 2010: $28 million

Chevron CEO total comp in 2010: $16.3 million

Shell CEO total comp in 2011: $11 million

Conocophillips CEO total comp in 2011: $18 million


Greed is good, just ask the above because, you pay at the pump.

Feb 10, 2012 10:53PM
i hate to say it but we have the resources in alaska pipe line jobs not being dependent on arab country oil new drilling up north as we buy oil from arab countries we keep getting into wars do not buy there oil we have the biggest resources of oil anywhere if we do not buy there oil they will not have the money for bombs ,weapons of mass destuction, they will never help there people as we do our own. getting to our own oil will create jobs,money, but our govt will spend the money as everybody knows. biggest is jobs and not to be dependent on someone else oil so we will survive
Feb 10, 2012 9:05PM
I read some of these aricles and I am amazed that Excaliburgae would blame liberals, Oil prices are determined by speculators on the world market and has nothing to do with political parties.. What most people do not know., oil is being exported from this country at the same time it is being imported. That is being done by oil companies, Not any govt. Most of our imported oil comes from Canada not the middle east as most people believe. This country does not have enough refineries  to refine our own oil. Nobaody wants a refinery in their back yard. Sauda araba built a very large refinery to sell gas to the US. Quit being political and come with facts. You are not adding any useful information,
Feb 10, 2012 5:38PM


Exxon-Mobile has 2010 revenues of $387 Billion. Of that profits were $31 billion. About a 8% margin.

The CEO only got $28 miliion? But you are OK with sports players and actors making more than that? For playing a game or pretending to be a character?

Gasoline is very cheap in the US considering we have to import much of the oil we use to make it.

But look at all the commodities prices. Or food. It's called inflation. They are all much higher than a decade ago.

Feb 10, 2012 7:39PM
Every time Gas goes up,remind yourself to thank Obama and the Liberals. For all their good work..
Feb 12, 2012 3:00PM
Zombie Woof    

What I find equal parts puzzling and laughable is how inflation is calculated, and perhaps one of you can explain why they do so for me, as it makes no sense.

That's easy. The two political parties that are ruining our government and our country Lie about virtually everything in their efforts to maintain power.  What puzzles me is why we put up with it.


Feb 10, 2012 4:22PM

I remember when a dime bag used to cost a dime. The only reason that's changed is because the cost of f$3kin oil.

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