CLASS RACER FORUM - View Single Post - Al-Anabi leaving racing

novassdude · 01-06-2015, 11:55 AM

I find it funny how OPEC is blamed for driving the price of oil down by not cutting production (they have not raised production) Yet the US is finding new oil and increasing production almost daily.
Parts of the US have a $80 dollar a barrel break even at this moment. But many areas are well below that price point. From what I have been seeing and hearing that price will go down as drilling slows. With all the booming that was going on in the US the support companies could demand top dollar. Now with less rigs running there is less need so the prices will have to drop accordingly.

Personally I don’t care the reason I like the lower gas prices. I just hope they stay there till playing season get here.

01-06-2015, 11:55 AM	#18
novassdude Senior Member Join Date: Mar 2002 Location: usa Posts: 752 Likes: 204 Liked 136 Times in 49 Posts	Re: Al-Anabi leaving racing I find it funny how OPEC is blamed for driving the price of oil down by not cutting production (they have not raised production) Yet the US is finding new oil and increasing production almost daily. Parts of the US have a $80 dollar a barrel break even at this moment. But many areas are well below that price point. From what I have been seeing and hearing that price will go down as drilling slows. With all the booming that was going on in the US the support companies could demand top dollar. Now with less rigs running there is less need so the prices will have to drop accordingly. Personally I don’t care the reason I like the lower gas prices. I just hope they stay there till playing season get here.