WOW! $15/bbl. I never thought that would ever happen again.
As I stated earlier on this thread it is a Temporary boon to the consumer. However, it is a DISASTER for US Petroleum companies.
It will Bankrupt many of the mid-sized companies that are responsible for our recent energy independence.
The Fracking boom of the last several years was driven by those companies. They were the driving force behind our energy resurgence. Not the Big Companies who move slowly, at a Glacial Pace with their Fingers in the Air.
Plummeting now. $12.46 per barrel.