AND ... lower prices means lower profits so bigoil is not becoming more wealthy.
Imagine that. Prices decline, demand and production go up.
It's almost as if there's an invisible hand at work.
If I read correctly, enough oil production in Texas in a single month to satisfy all of the U.S. oil consumption needs over four days, four hours and forty minutes, (or something very close to 100 hours exactly, if I’m close to being correct).
I recall the Urban Cowboy days. I am happy things are booming and all of those jobs are being added. I hope they are saving for the rainy day that will inevitably come.
Oh, good grief! Read the ONE comment to that piece. Some “settled science” d-bag posted a response the article yammering about Gorebull Warming and blah, blah, blah.They are everywhere... and I feel a big offended, like I am reading an engineering trade magazine and there is a letter to the editor badmouthing technology.
Yes Sir’ree thats what markets like to hear. That word stability.
Even though we consumers would like to see gas prices to go lower, at least the prices are remaining stable.