Oil could plunge to $20, Goldman Sachs says

 

Oil could plunge to $20, Goldman Sachs says

And gas in Louisville will still be close to $3 a gallon.

Around my area of NKY it's still about $2.69. Yesterday I was near the Northern Cincy suburb of West Chester Ohio and filled up for $185.

Around my area of NKY it's still about $2.69. Yesterday I was near the Northern Cincy suburb of West Chester Ohio and filled up for $185.

 

Were you driving a bus? :lol2:

The lost oilfield job toll is 75,000 jobs and counting. My firm manufactures valves used in the oilfield, and that business is dead. We have laid off 23% of our laborers.

Were you driving a bus? :lol2:

 

Lol. 1.85 per gallon

$2.29 in my part if Cincy.

The fracking industry has completely changed the game in the oil industry. OPEC and SA can no longer hold us hostage. Speculators today look like fools and we have the ability to flood the market with oil now. Sure, SA is letting oil go way down by producing more on their end, to eliminate some of the fracking in the U.S. However, the U.S. is finding ways to counter that. And as soon as oil goes back up, more fracking will happen. The windfall greed OPEC once saw will be really hard to do now.

$2.29 in my part if Cincy.

 

Same in Falmouth, which is a borderline miracle.

$1.89-$1.93 in the London Corbin area.

A couple of stations are now $1.97 in Somerset and most are around $2.03

Bardstown's been dropping a penny a day for about a week now. It's $2.13 most everywhere today.

$1.66 at Kroger....................in South Carolina

Cincy raised theirs to $2.29 this week.

Oil prices have decreased so much that over 1100 rigs have been shut down in the last year.

Gas prices went up about 20 cents the other day, interesting.