Appreciate it.
WHO recently asked Jay Young to come on the air in Des Moines, IA to discuss the rising gas prices? Jay Young, a fourth generation oil and gas professional, was invited on News Radio 1040 to discuss the factors influencing the upward swing in gas prices. Jay emphasized that it all comes down to supply and demand, and that companies are being more conservative this time around, buying back their stock and sending out dividends instead of drilling for more oil. He also noted that people who don’t like to drill for oil and gas are trying to keep companies from doing so, leading to a lack of supply.
When a listener suggested that companies were “gouging” consumers, Jay clarified that this has nothing to do with the price, as it’s all about supply and demand. He suggested that people should look at oil and gas as an investment, and if they can’t invest in projects, they should buy stocks for as little as $2.
Jay Young provided an informative and insightful look into the factors influencing the rising gas prices. #GasPrices #OilAndGas #Investment #SupplyAndDemand