|
Gas dropped from 1.99 out here to 1.76 over the last couple days. Nuts.
Although, y'know, a lot of the glut/cheapness is Saudi Arabia going "we can take this pain longer than you can, shale oil peeps." They're trying to force US suppliers out of the market before they cut back on production, since it would take those suppliers like 18 months to restart the wells.
It's a fascinating game of chicken that's probably going to cause pain down the road but in the short term my wallet appreciates it.
|