Alaska & Oil Patch Price Predictions for 2015-2030, & Frackin the Hilbert Curve

I have no expertise in the oil patch. It is true that I worked for an oil prospecting firm for a while during the late 70's-early 80's time frame to earn some cash for college yet I thought I would take a shot at predicting the price of oil per barrel for the next decade and a half since the politicians of Alaska seem to be little more than corporate oil groupies always seeking to bring more Alaska natural resources to plunder for the Exxon's, BP's, Phillips of this world. State governments that rely on oil for royalty tax revenues tend to always look to that industry as Uncle Sugar; speaking of which-all that cheap Cuban cane sugar may change the export market a little and increase revenue for dentists.

Last Sept I predicted that oil would fall below $50 a barrel because of fracking and supply. I anticipate that trend will continue to bring all run down old oil fields around the globe back in to production the next 30 years or so with the price per barrel remaining below $40 per barrel. In fact gasoline to drop to pre-OPEC 1960s era prices per gallon. Saudi Arabia may double-down it's depleted oil fields to and cross over the Hilbert curve parameters toward economic resurrection of that oil already lost to insatiable engines of transport.

Thus oil groupie politicians in Alaska should seek to diversify their revenue base and economy perhaps with income tax and the establishment of alternate energy fuel cell power plants along the rail belt. S.E. Alaska has much potential for wind power as well. Though it is natural and reflexive for Alaska politicians to look for another Prudhoe Bay to refill the Trans-Alaska pipeline, the major oil corporations have a surfeit of oil around the globe waiting to be fracked-why would they want to transport Alaska oil south or to China at low cost per barrel when the U.S.A. is already exporting oil again? Why should Alaska politicians want to plunder ANWR to enhance global warming gassing and also sell Alaska's major remaining oil reserve at the lowest possible price (the answer is that the groupie of oil always suck up to their natural resource extraction paymasters. Of course, they should be looking to broaden their horizons of economics and develop American fuel cell power plants and promote high tech electric transport technological infrastructure establishment.

Global warming and sea level rises may be very costly for the state of Alaska with the federal government some day unable to pay the costs for the state as it often does in many fields. One day the EPA Super-fund site cleanup may discover itself unable to clean up habitat lost to sea level rise, reduce the planetary atmospheric pressure or resurrect exterminated species themselves; the disasters will just accumulate without remediation. So though the world may have cheap oil and gas ahead and the second and third world may want to have every citizen driving a low-millage SUV-that would be a poor choice for human economic development. American politicians should be leaders in change rather than corporate oil groupies to get campaign donations and etc.