Oil prices collapse, now at $30 a barrel.

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GAMES
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Oil prices collapse, now at $30 a barrel.

Post by GAMES »

According to GasBuddy, the average here in my state is $1.76 a gallon. :clap:

http://news.yahoo.com/fresh-oil-lows-sp ... 51078.html
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gurey25
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Re: Oil prices collapse, now at $30 a barrel.

Post by gurey25 »

All expected , oil will start rising after summer and rise sharply around christmass time..
should be over $50 maybe higher by then.

This is becuase the saudis will have switched off the pumps by then, because of the pressure in their wells, they need to slowly decrease pressure over several months, no more drastic changes like the 80's.
The surplus is also much smaller than the 80's oil glut,
even with Iranian oil there will be a shortage in a year or 2.
$150 a barrel by 2019 is not far fetched.
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FAH1223
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Re: Oil prices collapse, now at $30 a barrel.

Post by FAH1223 »

I'm gonna enjoy it for as long as possible
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