With sanctions being lifted in Iran, the price is only going to go lower. Iran said that they are going to increase production regardless of price just to get their market share back.
Oil companies make up about 50% of the revenue in the firm I work for, and we are definitely feeling it. Everyone just had their hours cut down to 80%, and a few people just got laid off. They said they only expect the austerity measures for a couple of months, but I am still job hunting.
As a side, has anyone heard whether the airline companies are going to drop the fuel surcharge they added to ticket prices when the price of fuel skyrocketed?
