Should be $40 a barrel.
“Should be $40 a barrel.”
Not if you want to have any of it. From what I have read, $60. oil will keep our fracking people in business, but much lower and that source of supply will start to dry up and with it the attendant price increases. So it would seem that we are about there price wise, but it’s o.k. because where it is today destroys our enemies economies which should be a paramount objective. And maybe OPEC will now just have to increase production to get their sorely needed revenue. I just hope that the Venezuelans get busy and string up Maduro and his whole government, and that it drives Cuba under as well.