Tuesday, January 13, 2015

Fill 'er up!

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.

Related posts:
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)

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