I’ve got some 55’s begging to be filled at $1.50 a gallon...
In my opinion t is long over due. When an adjustment is put off artificially it is usually pretty ruff on the border line companies. What is starting to happen is a price war...the true price of the commodity will eventually be determined. Fact is oil is not a scarce substance and the Saudies cost of pumping it isn’t any more than ten years ago. Fracking has lowered the cost in the states. It’s a buyers market!!