I personally hope it drops more, but maybe I am being selfish.
The guy is predicting a relatively stable oil price for the next decade? That would be a departure from the past.
I filled up for $1.19 per gallon, over the weekend. Oklahoma City.
But T. Boone Pickens swore we would never see oil below $100 a barrel again. Instead we needed to give him and Nancy Pelosi trillions for pinwheels.
Well, I guess it’s time to go buy that new SUV then.
Oil was never more than 30-40bbl commodity, EVER. Every dime over that range that has been paid in the past has been pure manipulation of the market by contract churning and other types of fraud.. said that when Oil was over $100 bbl and say it now, because its the truth.
There never was a shortage of oil, just lots of folks willing to manipulate the system to line their own pockets.
This is going to make some Freepers really mad. Low fuel prices are an evil conspiracy to them.
No SS raise again this year. That's 3 or maybe 4 "no raise" years under Obama. The last raise was totally eaten by the raise in Medicare Part B which comes right out of the SS check.
It is not a difficult issue if one can recognize history repeating itself:
"It may take that long for the Arabs to effectively squelch our domestic exploration and development."
After that, One thing that will boost oil prices is if OPEC convinces other countries to reduce production.
Then, they will be back to newer gold-plated Bentleys and junkyards full of late model MB's, Lambo's etc.
My wife filled up the tank in her car today for 78.9 cents per gallon. I wish I had a large storage tank for it at that price.
I went out the military base last week and pumped in that $1.34 gas. I told my wife I wanted to go on a long drive and come back and fill up again. I wish I had a huge tank to go buy a lot of this cheep gas and have it for later when the prices go back up. I can’t believe it will stay this price for 10 years.