OIL!

[NICE MOBIUS]

$28/barrel

Just how low can oil prices go and who is hardest hit?

Don't you just love capitalism? With friends like the Saudis, who needs enemies

[Kidlicious]

You forgot to use the correct DL again.

[Ming]

Many experts think the floor may be around $20 or a tad lower.
If OPEC's goal is to wipe out the US oil industry, they are doing a good job for now. Many more companies will go under, and even more jobs will be lost.
But the big players will survive.
However, the good news is, when prices start to rise again, the US oil industry will come back.
If their is money to be made, the investment dollars will be there.
And the cycle will start all over again.

[Kidlicious]

It depends how high the price goes back up, and if it stays up.

[Lorizael]

Man, and I thought this just meant Obama was good at the economy.

[DaShi]

That's not how it works. It works like this:

High oil prices = Obama is ruining the economy.
Low oil prices = Obama is ruining the economy.

[C0ckney]

thanks obama!

[Bereta_Eder]

I so wish for trump to win

[rah]

On the news this morning they showed a gas station in the US selling gas (temporarily as part of a gas war with a station across the street) for 47 cents a gallon.

http://abcnews.go.com/US/michigan-gas-station-hits-47-cents-price-war/story?id=36358859

[NICE MOBIUS]

****ing Obama!!!

[Bereta_Eder]

That's excellent.
Unfortunately here taxes are 70% on gas so the price always stays at around 1,3 euro a liter
So if the liter was at zero euros we'd still pay 70 eurocents


thanks obama

[rah]

Yesterday I paid about .5 euro a litre (converted)

[NICE MOBIUS]

How many Euros to the pound? That's what ours is to the litre.

[rah]

It's currently 1 pound to 1.3 Euro.

[Kidlicious]

Yesterday I paid about .5 euro a litre (converted)

And our highways need fixing too.