Navistar International Corp (NAV), Waste Management, Inc. (WM): The Surprising Reason Oil Prices Could Fall

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Final thoughts
If the shift toward natural gas in the U.S. transport sector picks up speed, it could have significantly implications for oil prices, according to Scaroni. Even if natural gas prices remain within a range of $5 to $6 per MMBtu, while oil remains at around $90 per barrel, it would lead to a large shift away from oil and toward gas within the U.S. transport industry. This, Scaroni argues, would exert additional downward pressure on the price of oil.

What do you think? Does Scaroni’s view hold water? Or is he overestimating the pace at which the transport sector will shift toward using natural gas?

The article The Surprising Reason Oil Prices Could Fall originally appeared on Fool.com.

Fool contributor Arjun Sreekumar has no position in any stocks mentioned. The Motley Fool recommends Clean Energy Fuels, Ford, Waste Management, and Westport Innovations and owns shares of Citigroup, Ford, Waste Management, and Westport Innovations.

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