[wku man]

"No manufacturing, use is down, supply is up, prices are lower...This is NOT a good thing..."

You got some 'splainin' to do. Yeah, the no manufacturing part sucks, but the rest is definitely good news.

Scouts Out! Cavalry Ho!

[jessduntno]

“You got some ‘splainin’ to do. Yeah, the no manufacturing part sucks, but the rest is definitely good news.”

Since so much of the oil market is involved in production, transportation, supply, energy and distribution of goods...if that ain’t happening, it is NOT a good thing. I understand what you mean, that it seems contradictory, but it really isn’t. I would rather see lower prices based on competition. And this is so not.

[rottndog]

You got some 'splainin' to do. Yeah, the no manufacturing part sucks, but the rest is definitely good news.

This is not really about manufacturing...it's about global economic activity--healthy growing economies have steadily increasing demand for oil. This time of year, in the Northern Hemisphere, economic activity should be increasing and demand for oil should be doing the same...that is obviously not the case.

The steady drop in oil prices at this time of the year means only one thing--economic downturn--The global economy, including the massive US economy, are headed back into recession (if we ever really got out of the last one). The canary is dead in the cage...