North America to Drown in Oil as Mexico Ends Monopoly
http://money.msn.com/business-news/article.aspx?feed=BLOOM&date=20131216&id=17195903
Forum Discussion
tsetsaf wrote:
You do note in the article the mention that refineries are at capacity? Oil prices will not and can not drop below about $75 per barrel. Below that number and all of the US based oil production from sands and shale will no longer be profitable. We will not see fuel prices below $3 per gallon in any reasonable time frame. As for us we budget for $5 per gallon and are happy with anything less
Hate to break your bubble but yesterday I bought regular gas for $2.89 gal in Albuquerque + I get a .10 cent a gallon rebate.......
