lifeisshort
Banned
- Joined
- Sep 14, 2014
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- Location
- the high desert
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- Conservative
Interesting reading for all those who have for so long attempted to defy the law of supply and demand when it comes to oil. Yes indeed more oil supply means lower prices so get over it and "drill baby drill". Also good reading here for those who insist our economy is doing great under Obama's leadership and as we all know "when America sneezes the world catches a cold".
"The slide in oil prices continued on Thursday with Brent crude prices dropping below $90 a barrel for the first time in two years and West Texas Intermediate prices entering bear market territory. The price drop comes amid general concerns over weakening demand globally and oversupply from the U.S. because of increasing shale oil production.
As Brent Crude Drops Below $90, Oil Stocks Tumble And Eyes Turn To Saudis - Forbes
"The slide in oil prices continued on Thursday with Brent crude prices dropping below $90 a barrel for the first time in two years and West Texas Intermediate prices entering bear market territory. The price drop comes amid general concerns over weakening demand globally and oversupply from the U.S. because of increasing shale oil production.
As Brent Crude Drops Below $90, Oil Stocks Tumble And Eyes Turn To Saudis - Forbes