TBH I'm okay paying more for gas to support our alternate gas/energy initiatives ... even if this includes helping our fracking industry. I want us to be independent of the ME.
Oil crashes to $30 a barrel - Jan. 12, 2016
Quote:
Oil plummeted below $30 a barrel on Tuesday for the first time since December 2003. The latest wave of selling leaves crude oil down 19% this year alone. It represents an incredible 72% plunge from crude oil's June 2014 peak of almost $108.
"The fundamental situation for oil markets is much worse than previously thought," Barclays commodities analysts wrote in a client note.
Crude oil declined 3% on the day to settle at $30.44 a barrel, marking its seventh day in a row of losses.
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