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Not good news for Texas

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    Not good news for Texas

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ID:	43060 and SHELL gas...not that cheapo stuff

    #2
    Why is that not good news? Our gas was 1.98 last night (not sure about tonight haven't been out) and I am celebrating. It hasn't been this low in at least 10 yrs.

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      #3
      When the cost of crude gets low oil fields stop drilling. It's not profitable to bring oil up. Midland area is in boom right now. This could squash it. I forget where break point is but we're close to it I think. Hard to get energy independent with the lure of cheap oil from elsewhere. But that cheap oil won't last when other drillers shut down.

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        #4
        Oh I see, this makes sense.
        Last edited by Huskee; December 22, 2014, 10:48 PM.

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          #5
          We're getting really close to politics in this thread. Please keep it clean (politics free).

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            #6
            Here is one opinion. The Economist: Why the oil price is falling

            http://www.economist.com/blogs/econo...ist-explains-4

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            • _John_
              _John_ commented
              Editing a comment
              Good post, and from a good site to boot, not a lot of that on the interwebs lately.

            #7
            I got nothin, just IBTL hehehehehehe

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              #8
              $1.95 .

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              • Jon Solberg
                Jon Solberg commented
                Editing a comment
                1.96. I almost took a pic ,!

              • Huskee
                Huskee commented
                Editing a comment
                I keep wanting to take a picture for the record books. but every other day it drops more. I'd have a dozen pics if I had taken them. Good problem to have if you're Joe consumer like me.

              #9
              Lowest price I've seen here in Arkansas is $2.399!

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