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Old 06-08-2017, 03:34 AM   #3672
Snuffleupagus
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Quote:
Originally Posted by OMG!WTF! View Post
It's looking really bad out there..

http://www.marketwatch.com/story/us-...one-2017-06-07

There can't possibly be an excuse to raise gas prices this "driving season".
Thanks for the link, great article and a real eye opener.

Some key points for me.

- U.S. crude production in 2018 to average 10 million barrels a day. this is 2x as much as 5 years ago, the record was 9.6 million in 1970.

- U.S. Imports from Saudi Arabia of Crude Oil sank from 1.362 million barrels a day to 615,000 barrels a day last week from a week earlier.

- Expecting lower US gas prices than last year for the "driving" season.

I'm not sure what's more likely, a $30.00 or a $60.00 barrel of Oil in 2017-18.
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