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DOW Meltdown

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  • Gixxer86g
    replied
    Originally posted by Arnold J Rimmer View Post
    $1.59 here.

    But yeah, they're trying to shut down US oil production. Texas is just drilling & capping wells; when the price goes back up, they'll start pumping again.
    Yup. They are every bit the enemy the Persians are.

    Leave a comment:


  • Arnold J Rimmer
    replied
    $1.59 here.

    But yeah, they're trying to shut down US oil production. Texas is just drilling & capping wells; when the price goes back up, they'll start pumping again.

    Leave a comment:


  • The Exorcist
    replied
    Originally posted by Mountain Man View Post
    $1.69 in Colorado springs yesterday. Almost $.20 less than that at the Air Force Academy.

    But hey...no worries...Big Oil will shut down some refineries and drive the price up again just as soon as they can, and for sure by summer vacation.


    The Saudis had OPEC open the taps to drive the prices down, so that they can put Frakking out of business.
    Once they do, sometime this year, the supply will shut right down, and they will make every dime right back, and then some. THis time next year, you will probably be paying 5-7 $ per gallon.

    Leave a comment:


  • Mountain Man
    replied
    $1.69 in Colorado springs yesterday. Almost $.20 less than that at the Air Force Academy.

    But hey...no worries...Big Oil will shut down some refineries and drive the price up again just as soon as they can, and for sure by summer vacation.


    Leave a comment:


  • Bwaha
    replied
    Yet gas prices remain the same out here...

    About $2.50 a gallon...

    Leave a comment:


  • Mountain Man
    started a topic DOW Meltdown

    DOW Meltdown

    Current news on television is about the Dow meltdown and oil dropping below $30/barrel.

    It's about time the consumers got a break.


    http://www.foxnews.com/us/2016/01/15/dow-plummets-more-than-500-points-as-oil-prices-sink.html?intcmp=hpbt1



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