You have no idea how much fun it was to go tank up my truck with $10 cash @ 1.299 yesterday.
Of course the cheap gas was 10% gasohol so now the tank is at about 2.5% ethanol.
Prices seem stable at about $21 a barrel, I bet russia is ready to make a deal. Thing is, we are in a glut of oil and with the current world economy I think OPEC has lost it’s leverage for a bit.
That is if Bush took his mission serious and wasn’t on a Saudi payroll.
Saddam Hussein was more effective in putting the end to the Kuwaiti and Saudi attack on the markets and who do you think did cut him down?
With the way the world’s economy is now the price would have tanked even without a price war.
noticed several states are now down around $1.12 or so- We’re still up at $2.19 :(
This BS from the Saudis has been going on for a long time. Someday...someone in the future is going to notice that their military can’t fight its way out of a piss soaked paper bag, and conquer them.
If there was ever a society deserving of being wiped out and eradicated, and ruled completely under the thumb of an occupation government, it’s these feudal clowns. Like Nazi Germany, like post war Japan.
Looks like they picked the wrong time to have a price war. Boo hoo hoo.
The Russian plan won’t work
1. Covid-19 has hit travel and petrol usage massively.
2. Tesla is zooming ahead with electric cars etc.
3. ICE manufacturers are improving their fuel efficiency and/or adding in hybrids to compete
Petrol will still be used, but we won’t need it so much. The price will stay low. Venezuela will go bust