Oil price going down

[maryjane48]

Oil has fallen by about seven dollars a barrel since mid-February, and although OPEC countries have limited production, there could be lower prices ahead.

Even as the Saudis are now talking about extending production cuts beyond June, the oversupply coming off winter could see crude back under $40 per barrel in the second quarter of this year.



not looking good .

[alfred2]

Oil has fallen by about seven dollars a barrel since mid-February, and although OPEC countries have limited production, there could be lower prices ahead.

Even as the Saudis are now talking about extending production cuts beyond June, the oversupply coming off winter could see crude back under $40 per barrel in the second quarter of this year.



not looking good .

So you going to do head stands because oil prices are down and your favorite party the ndp is going to go further into debt. Iguess some people are just mean, to make :: albertans suffer and you love it.

[twobits]

So you going to do head stands because oil prices are down and your favorite party the ndp is going to go further into debt. Iguess some people are just mean, to make :: albertans suffer and you love it.

Add to that what the payback period will be for electric cars, solar energy, or any alternative to oil would be when fossil fuels are cheaper than alternative energy. Only the wealthy will be able to save the planet cuz the working class, which is the majority of people, are going to buy what makes sense for their own budget, not the dreams and wishes of MJ's oil free world lol.