[Attention Surplus Disorder]

Oil is off 30% since June. That’s quite the tumble, fast.

Brutal! It’s those damned speculators again, always driving up the ...oooops.

[DuncanWaring]

Yet the price of gasoline in the four counties of my neighborhood jumped 25 cents per gallon Saturday.

[nascarnation]

2 bucks a gallon gas is pretty sweet, and I don’t drive that much anymore, LOL.

[RayChuang88]

The big problem is that with China signing that US$400 billion deal with Russia to import natural gas (and eventually crude oil) from eastern Siberia and the American development of oil and natural gas fields with fracking technology (the newest of which no longer even need water), OPEC is threatened with losing its two largest customers. Given the political instability of the Middle East, Nigeria and Venezuela (the biggest OPEC producers), small wonder why everyone is trying to be less dependent on OPEC in 2015--and that will result in a massive glut of crude oil over the next several decades. And if electric car battery technology really advances over then next 20 years, that glut could become even bigger.

[SGCOS]

Would have been easier to read and understand if printed as:

"Consumers who actually pump the gas into their gas tank are still taking it in the shorts with the price of a gallon of gas"

[Eva]

CONOCOPHILLIPS, however was moved to BUY and given an A rating

[PAR35]

Where is the FR ‘Peak Oil’ contingent these days?

For those who look at the numbers seriously, one of the most remarkable things over the last few months has been the closing up in the spread between WTI and Brent.