gringo2011
Premium Platinum
With oil prices crashing I've ordered 5 cents of oil. Here's the delivery:
It's interesting the oil prices. The US oil producers have seen the writing on the wall and ramped production and racked up massive debt thinking that they go for 5 years or so then send in the bankruptcy papers. Only, Saudis and Russia decided to do it as well. No one wants to blink so prices plummeted. Then CV hit on top of it which has dropped demand to a trickle. It costs $30 a barrel to produce shale oil and now they are paying to have it taken away. The US won't sell a new car that runs on gasoline in 5 years time and that means there won't be the demand for oil in about 10.
There could be a lot of the worlds environmental vandals who mess in politics going down by natural selection because of CV. Hard to believe that some of the richest and most dominant corporate entities could have hit the skids so quickly.





