01-12-2015, 01:33 PM
Hot off the press, oil sank again today.
<!-- m --><a class="postlink" href="http://mobile.reuters.com/article/idUSKBN0KL03Y20150112?irpc=932">http://mobile.reuters.com/article/idUSK ... 2?irpc=932</a><!-- m -->
The below comments are interesting, and core to the subject. Bottom line is the world is producing way more oil then it needs., and no one seems to be turnng down the spiket. What they are hoping for, is everyone starts buying / using more because its so cheap.... But the reduction of usage has alot to do with effcient standards and green energy.
<!-- m --><a class="postlink" href="http://mobile.reuters.com/article/idUSKBN0KL03Y20150112?irpc=932">http://mobile.reuters.com/article/idUSK ... 2?irpc=932</a><!-- m -->
The below comments are interesting, and core to the subject. Bottom line is the world is producing way more oil then it needs., and no one seems to be turnng down the spiket. What they are hoping for, is everyone starts buying / using more because its so cheap.... But the reduction of usage has alot to do with effcient standards and green energy.
Quote: figured we’d see $40 in the near term, but everything seems to be happening quicker than expected,†Zahir said..â€........
......"There's a million barrels a day of excess production," he said. "That is what is driving the price."
Maul, the Bashing Shamie
"If you want to change the world, be that change."
--Gandhi
![[Image: maull2.gif]](http://bengtel.com/maull2.gif)
"If you want to change the world, be that change."
--Gandhi