Looks to be a blood bath. We just don’t know how long.
How is it a blood bath? The fact that crude is getting back down to where it is actually affordable to the “CONSUMER” the money not pissed away to the oil companies will stay in the pockets of the “CONSUMER” what a novel idea ? So they cut back on expansion fueled by false inflated prices from speculation and some lose their jobs ...what is wrong with free market principles? Are these workers to be treated like the hacks that push F__kin paper and treat WE THE “EMPLOYER” like crap and know they will never lose their overpaid (with benefits) job that most who employ them cannot obtain?...no sympathy here oil should not go above 50 per bbl. Watch how the economy will benefit as costs on everything settles down and we can hopefully breathe again. These propaganda pieces from the media about how terrible it is that oil is where it should be is laughable. Drill baby DRILL!