The Bank Recovery Room

[illegal_alias]

Oil could go lower. In inflation-adjusted terms, about $22/bbl was the low hit in '98. That's the last time I can remember getting gas under $1 - the Texaco on US 319 just across the Fl-GA border in S. GA.

The Saudis aren't going to curb production anytime soon. They have huge dollar reserves and can withstand the downturn. It's in their best interests to slow down the Iranian economy (their rivals in the mid-east) and US fracking because it is expensive. The upside is that it hurts the Russians, too.