Diesel Price

352 wrote:
Where did you get your (facts) or did you just pull it out of.

Well, let's see;
The Chinese stockmarket has just about crashed. Their currency has been devalued by their government in hopes that they will owe less if the value of their buck is worth less. They are in an economic slow down. They use 25% of all the world's oil consumption. If they even cut their oil use, not just for energy, but for petroleum based goods such as plastics, by even 3%, then that alone would drive the market down. I get those facts right off the evening news NBC with Lester Holt. From the Sacramento Bee newspaper, the capital of California. From the Wall Street Journal to name just a few.

2015 Chinese stock market crash
https://en.wikipedia.org/wiki/2015_Chinese_stock_market_crash

China's stock market crash...in 2 minutes
http://money.cnn.com/2015/07/09/investing/china-crash-in-two-minutes/

China Stock Market Crash 2015: Coal, Oil, Gas Profits Tumble Amid Weakened Yuan
http://www.ibtimes.com/china-stock-market-crash-2015-coal-oil-gas-profits-tumble-amid-weakened-yuan-2116568

The super tankers full and parked off the coast waiting to unload, unable to fetch more oil from the middle east from so many sources, it's easier to just google it. Here you go;

Oil glut deepens with 100m barrels at sea from Financial Times
http://www.ft.com/cms/s/0/f763a6da-8859-11e5-9f8c-a8d619fa707c.html#axzz3xZ3KJfn7

Unsold oil stuck on tankers threatens world market gridlock from Reuters out of London
http://www.reuters.com/article/us-oil-ships-delays-idUSKCN0T21E220151113

Something Very Strange Is Taking Place Off The Coast Of Galveston, TX from ZeroHedge.com
http://www.zerohedge.com/news/2015-11-12/something-very-strange-taking-place-coast-galveston

China slowing, global oil glut, tanker after oil tanker lining up in the Gulf of Mexico waiting to unload
http://www.againstcronycapitalism.org/2015/11/china-slowing-global-oil-glut-tanker-after-oil-tanker-lining-up-in-the-gulf-of-mexico-waiting-to-unload/

The Russian economy being oil based can be reviewed here;

The $30 Oil Cliff Threatening Russia's Economy
http://www.bloomberg.com/news/articles/2015-11-29/the-30-oil-cliff-that-economists-see-threatening-russia-in-2016

Russian oligarchs lose $11bn in just 10 days during oil price crash
http://www.telegraph.co.uk/finance/oilprices/12104181/Russian-oligarchs-lose-11bn-in-just-10-days-during-oil-price-crash.html

How does the price of oil affect Russia's economy?
http://www.investopedia.com/ask/answers/030315/how-does-price-oil-affect-russias-economy.asp

The Middle East willing to go to war over oil revenues

What Saudi-Iranian Tensions Mean for Oil Prices
http://www.investopedia.com/partner/blackrock/articles/markets/011416/what-saudiiranian-tensions-mean-oil-prices.asp

Saudi Arabia Cuts European Oil Prices as Middle East Tensions Grow
http://www.wsj.com/articles/saudi-arabia-cuts-european-oil-prices-as-middle-east-tensions-grow-1452005611

Troubles Are Up In The Middle East, Oil Prices Are Down.
http://www.npr.org/sections/thetwo-way/2016/01/05/462065762/troubles-are-up-in-the-middle-east-but-oil-prices-are-down-huh

And so on and so on and so on. Add that the USA just lifted the embargo on Iran to start selling oil too, prices are going to continue to fall as these countries scramble to grab enough money to keep from falling into deep recession. I figured this was common knowledge by now. It's been on just about every network evening news broadcast since October certainly.