Crude oil is $86 today.... beginning of the end?

another article, which spells out why this drop in Oil prices does NOT benefit the economy.

[h=1]The Current Oil Crisis Is More Dangerous Than You Think[/h]

Read more: http://oilprice.com/Energy/Oil-Pric...e-Dangerous-Than-You-Think.html#ixzz3ON4NR3bw
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It all depends on where your prejudices is to what side you take. Yet in this United States the money people usually wins for they're the ones that can afford to pay off the politicians getting their favors. And the others lose out getting ripped off. Yes its true, our politicians do sell favors to those who can afford them thus getting rich in the office of congress.

 

Deleted so that the thread stays on topic

 

The Nebraska Supreme Court issued a decision yesterday that allows for the Keystone pipeline to go ahead. This would be great for the Bakken because it would lower the transportation costs and make the oil market crash more survivable, unfortunately the White House announced today that it would veto the Keystone bill regardless. For the past few years the Nebraska lawsuit has been the shield the administration has hid it's true agenda behind, the Nebraska Supreme Court rescinded that shield yesterday. The good news is that it's possible there are enough Democrats onboard with the bill to override the veto. Time will tell, the bill should be passed before the end of next week.

 

Well he said he would veto it before he even read it. I smell buffet and BNSF. 24 jobs is a load of crap. Its like saying we built a highway for the salt trucks to have state jobs. Well at least he will go on record for it.

 

They pulled 63 votes today for cloture, that's only 4 votes shy of veto proof in the Senate.

 

Nevertheless, Obama is touting the lower prices, which injected billions into the improving U.S. economy.


"America is the number one producer of oil, number one producer of gas. It's helping to save drivers $1.10 a gallon at the pump over this time last year," the president told a crowd last week in Detroit.

Dems change tune after mocking GOP for ‘drill, baby, drill

 

13 Jan. 2015

Abu Dhabi (AFP) - The United Arab Emirates said on Tuesday that OPEC will no longer move to shore up crude prices, arguing that rising North American shale oil output needed to be curbed.


World prices have been falling since June but the pace of the slide accelerated in November when the Organisation of the Petroleum Exporting Countries (OPEC) decided to maintain its production unchanged at 30 million barrels per day.
Analysts say that richer cartel members like the UAE have been ready to accept the price fall in the hope that it will force higher-cost shale producers out of the market.

 

Anybody seen anything besides cheaper GAS yet?

 

Yes , finance by a Kazakhstan/Russian mining giant withdrawn for a construction of a new mine in Africa resulting in the project being put on hold. Trucking on that project was to be my biggest earner this and next year.They are not in oil but run the largest private rail network in Kazakhstan and are tightening their belts largely because of the lower expected income from oil services logistics. Now I need to find some other work.

Im sure many in the trucking for oil services are also seeing some changes.