Another Loonie article
Here is another comment on the Loonie. Although Economists are just "guessers" there has been talk of oil being $20.00 or less for generations to come. Kind of extreme! One other item I read was that...
Forum Discussion
timmac wrote:
Just heard on the news today that Russia and Saudi Arabia are freezing out put levels at January levels, means no extra oil will be dumped on the market, dang and gas prices were just getting to $2 a gal here in Vegas and January levels in July might raise the cost of gas again..
Yes, BUT, you have Iran that just shipped it's first tanker of oil to Europe. They want to ramp up to over a million barrels a day. That's more than the Russian / Opec freeze so there's going to be more oil on the market than there is now. While I hope the price of oil goes reasonably higher, I think it will drop lower as more Iranian oil comes on line. And summer is coming resulting in a lot less heating oil being used.
Bill
