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Elroy Jetson

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Elroy Jetson

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Re: dexprs post# 75354

Tuesday, 12/05/2017 3:09:23 PM

Tuesday, December 05, 2017 3:09:23 PM

Post# of 110231
Considering the price of oil is currently $60 a barrel I suspect it's a bit risky to say it can't top $70 for a period of time. - https://oilprice.com/oil-price-charts

But oil prices will remain low for a very long time - in spite of OPEC oil cuts of 5% planned for 2018. - https://oilprice.com/Energy/Oil-Prices/The-Man-Behind-The-Oil-Price-Rally.html

There's probably more oil and gas production profitable at $40 a barrel than there is demand.

We've run out of other people's Social Security taxes needed to subsidize our low income tax rates.

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