Maybe next time it'll fall below $20.
Photo by Retiring Guy
Oil Prices Fall to Lowest Since 2009. (The New York Times, 1/12/2015)
Looks like gas is gonna be cheap for awhile.
Oil analysts say the 93-million-barrel-a-day global oil market has a supply surplus of one million to two million barrels, and that surplus is not going away soon.
American production, which has grown by more than a million barrels a day in each of the last three years because of a frenzy of shale drilling in North Dakota and Texas, is still growing, though at a slower rate.
Based on these headlines, I guess we know who gets the credit. (11/7/2014)
The "Dear Mr. President" letter you'll never see. (6/22/2012)