Is this good or Bad Happy Thanksgiving to you Sir
In my best Joe Friday voice, 'just the facts, ma'am'.
Russian Oil Tycoon: US Shale Boom Is 'On-Par' With Dot-Com Bubble
Oil prices are plunging on Thanksgiving in the US as the latest OPEC meeting saw the oil cartel announce that it will not cut production.
At some point, oil companies will stop production in the US because it will not be profitable to drill. Low gasoline prices won’t matter much if oil companies start laying off workers.
We’ve been there before, oil prices will rebound, but before that happens, Obama plans to keep the gas prices artificially high by adding more taxes. In WA State, they considering adding $1.17 to the price of gasoline. Fuel for seven western states is produced in WA, that would also pay that tax and other states would follow.