GAS PRICES ?

JMO but it's pretty obvious why a barrel of oil is so low. The Saudis won't cut back production, that along with the fracking in the U.S is why the price is so low. Saudis are trying to put fracking companies out of business. The Saudis can go lower on the cost of oil extraction than the U.S companies can. They're forcing the U.S fracking companies to either extract the shale oil at a loss or close up shop. IIRC the fracking companies are good for $70.00 a barrel. But I've also read where they can go to $40.00. Either way it's basically a game of chicken. I've also read where the Saudis have two years of revenues stock piled and are trying to outlast the fracking companies. Saudi Arabia needs oil revenue to run the government.