Good News (Price will go down): 

Future: High prices ~$100/barrel for oil and $9+ for gas mean that economically recoverable reserves rise. e.g. Eagle Ford sees a fifteen-fold increase from 0.5 billion barrels to 8.4 billion barrels 

Bad news:

Refineries that have been running “maxed-out” (95% utilization) now need to be shut down for maintenan