Wow. Either one of us are in for a correction or this is the bottom.Can't really apply logic to this though.1.99 here in town now
I think because so many vehicles are hauling/using gas and diesel. You would think we would be the lowest as some sort of break.I always wondered why this oil-tar arm pit of a place is always the highest?
Read this earlier but what do you mean by looks like it's here to stay? The oil boom or bust?Sounds like it's here to stay...Oil above $100? Never again, says Saudi Prince Alwaleed
Maybe peak oil is bullshit. *shrug* I still say flooding the market with cheap oil is the only way OPEC can influence the world.
It will be interesting to see what happens to hybrid sales. Maybe they'll actually be affordable soon. Save your money from gas discounts to apply them on a hybrid when oil goes up again.I mean that the lower oil prices are here to stay for awhile. I will say at least till end of summer, this guy is saying forever. The futures are also saying its not going up anytime soon either.
Same here on the house, We both thought about this about a 6 months to late. To think that 6 months ago you could had put your house on the market and could guarantee it would sell in a week.My company is putting down 3 of it's 7 rigs, so almost half. Four of our main drill site managers are going to Texas. It's happening, nothing is fair in War, Love, and Oil... Just a reminder how volatile the oil business is. Certainly this could be a short term dip, but then again you never know. Now I really wish I would have sold my house when I kept saying I should have.
The number of drilling rigs operating in North Dakota's oil fields fell to 159 on Monday, the lowest level since November 2010 and the latest reaction to falling crude oil prices, according to state data.