Right now, oil prices being so low is absolutely crushing our economy. I'm in a part of the country where absolutely everyone is somehow connected to oil, and this is devastating every business. I appreciate you and OP educating the rest of us on how this is going on, but would you mind expanding for me a little bit to help me understand how long this will last (any estimates) or is it totally dependent on Russia conceding? Dirt cheap gas prices are a very bad sign in my part of the country.
Oil people really want everyone else to buy how bad low oil prices are for everyone while it helps every business but theirs. Oil companies raked us all over the coals for decades while there has always been more than enough supply that they artificially kept low to keep raping us. Demand will go back up and so will the prices. Dirt cheap gas is helping the increased shipping going and prices affordable for needed supplies.
Right now, oil prices being so low is absolutely crushing our economy. I'm in a part of the country where absolutely everyone is somehow connected to oil, and this is devastating every business. I appreciate you and OP educating the rest of us on how this is going on, but would you mind expanding for me a little bit to help me understand how long this will last (any estimates) or is it totally dependent on Russia conceding? Dirt cheap gas prices are a very bad sign in my part of the country.
I believe it’s dependent on Russia conceding but Trump is doing his best to shore up our oil reserves and help out the industry in the meantime.
Oil people really want everyone else to buy how bad low oil prices are for everyone while it helps every business but theirs. Oil companies raked us all over the coals for decades while there has always been more than enough supply that they artificially kept low to keep raping us. Demand will go back up and so will the prices. Dirt cheap gas is helping the increased shipping going and prices affordable for needed supplies.