To: elhombrelibre
I think I read somewhere recently that for each dollar per barrel that the price of oil drops it costs the Russians 1 billion per week. That really starts to add up when the price drops 40 bucks.
13 posted on
12/29/2014 12:34:53 PM PST by
navyguy
(The National Reset Button is pushed with the trigger finger.)
To: navyguy
I think I read somewhere recently that for each dollar per barrel that the price of oil drops it costs the Russians 1 billion per week. You mean they produce a billion barrels of oil per week? That sounds awfully high.
18 posted on
12/29/2014 12:52:16 PM PST by
Go Gordon
(Barack McGreevey Obama)
To: navyguy
In the US, every $1 drop in WTI equals about 2 point 2 cents per gallon in gasoline.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson