[thackney]

BTW, I greatly disagree with:

The largely unpredicted drop was caused neither by demand shock—like the drop in consumption that occurred during the Bush economic collapse of 2008—nor by supply shock—like the fall of the Shah of Iran in 1979, Quoyeser said, but by chatter.

[CPT Clay]

More costly ops will be delayed or shut.

[Jack Hydrazine]

What I find interesting for the past week and a half is oil prices have declined while gasoline prices have jumped.

GASOLINE PRICES:


OIL PRICES:

[South Dakota]

Here on the Bakken, the scuttlebutt is that the drilling will be cut back but the fracing will be expanded on the old wells

[South Dakota]

Here on the Bakken, the scuttlebutt is that the drilling will be cut back but the fracing will be expanded on the old wells

[Cringing Negativism Network]

What low oil price?

It’s up above 2.20 again, and this is TX.

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