With so many moving parts, it's no wonder the U.S. Energy Information Administration can't forecast the future of oil and gas. 

Radical environmentalists who are trying to stop the completion of a pipeline through North Dakota won a reprieve when the Army Corps of Engineers took back a previously issued permit for political reasons. It's likely to be short-lived. 

Standing at a distance, OPEC's agreement looks fragile at best, unenforceable at worst. Translation: Oil prices are likely to continue to decline over time.

OPEC continues to think it can manipulate the oil market to its own advantage.

Saudi Arabia's oil minister is disconnected from the new reality, claiming that OPEC will be able to stabilize markets and raise prices. 

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