Posted on 01/12/2015 8:56:02 AM PST by 2ndDivisionVet
"You better believe it is gonna go down more," Alwaleed bin Talal said.
Saudi royal prince Alwaleed bin Talal says in a new interview that the days of $100-a-barrel oil are a thing of the past, as oil prices continue to drop around the globe.
Asked by USA Today if prices, recently below $50 a barrel, would continue to plunge, Talal answered:
“If supply stays where it is, and demand remains weak, you better believe it is gonna go down more. But if some supply is taken off the market, and there’s some growth in demand, prices may go up. But I’m sure we’re never going to see $100 anymore....
(Excerpt) Read more at time.com ...
I’m an electrical engineer specialized in power systems. I’ve read about the same hopes and dreams on batteries for decades.
They do continue to make improvements, but not the massive jumps the non-technical headline writers want to lead you to believe.
And Bill Clinton said “the era of big government is over”. That didn’t last long.
Oh good. So I guess the Unipartys gas tax increase isn’t so bad then...
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