The reality is that there is a worldwide economic slowdown. If there was robust economic growth and activity the demand would stabilize and even cause an increase in oil prices. Less is being used since there is less real economic activity or growth. American economic growth is a paper charade that is built on the phony foundation of borrowed and printed money.
The Opecker Princes have been $crew most Americans for over 5 decades with their damn oil Cartel.
Hopefully the oil prices based on supply and demand will destroy these Islamic Opec bastards economically and their S. American dictator buddies and last but not least Putin!
Is there some subtle theme going on; with 0bama and his Saudi buddies?
Funny thing, nothing is ever their fault. They always have a way of pointing to someone else. And it’s not like I consider “fault” or “blame” to be a single point reference in most cases, nor do I think it’s productive. But the fact of the matter is that oil slide occurred on the OPEC meeting where KSA said they would not cut.
Us consumers have been over-paying for gas for how many years now?
As an owner of four oil wells, let me say I will happily accept the downturn in prices if it helps break the back of OPEC.