Fuel Prices
Withe crash in oil prices has the price dropped or is pemex still hiking it regularly? If so it must be more expensive than Arizona by now.
Forum Discussion
It looks like the glut is going to become a biblical grade flood.
Australia is fracking crude and is set to increase production two thousand percent. That would be enough to feed China, Taiwan, and Japan by itself.
Russia has not even come on line yet. I wrote on this forum several years ago about a Russian petro geologist who claimed Russia has FOUR QUADRILLION BARRELS of economically viable recoverable crude. Brazil is developing an offshore find with more oil in it than all of the middle east reserves combined.
And everyone is cash starved. Does not bode well for greedy major petroleum speculators like the Bank of Quebec.
It may well be the price of west texas intermediate crude is going to be tested at fifty dollars a barrel before long. I cannot foresee a reason why the benchmark price of crude cannot end up in the thirty dollar range.
If the disparity between USA and Mexican combustibles reaches a certain price differential this point is going to become a volatile political issue. Vamos a ver. Interesting times are a coming...
Australia is fracking crude and is set to increase production two thousand percent. That would be enough to feed China, Taiwan, and Japan by itself.
Russia has not even come on line yet. I wrote on this forum several years ago about a Russian petro geologist who claimed Russia has FOUR QUADRILLION BARRELS of economically viable recoverable crude. Brazil is developing an offshore find with more oil in it than all of the middle east reserves combined.
And everyone is cash starved. Does not bode well for greedy major petroleum speculators like the Bank of Quebec.
It may well be the price of west texas intermediate crude is going to be tested at fifty dollars a barrel before long. I cannot foresee a reason why the benchmark price of crude cannot end up in the thirty dollar range.
If the disparity between USA and Mexican combustibles reaches a certain price differential this point is going to become a volatile political issue. Vamos a ver. Interesting times are a coming...
