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Oil Prices Hit 6.5-Year Low

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14 Aug 2015 11:02 #267649 by chairman
U.S. oil prices hit their lowest price since March 2009 on Friday, dropping to $41.35 a barrel. Some experts worry about a global oil glut that could drive prices even lower this winter. Additional output by Iran, if export sanctions are eased, may contribute to a further drop.

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14 Aug 2015 11:04 #267650 by ketchim
Oh boy ! 

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14 Aug 2015 11:52 #267667 by chairman
you see it at the pump yet

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  • Googley
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14 Aug 2015 12:54 #267680 by Googley
time to buy some oil stocks Chair 8)

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  • renegade
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14 Aug 2015 22:24 #267742 by renegade
I say buy the mutual funds

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  • vegito12
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15 Aug 2015 02:16 #267747 by vegito12
I think that is good and also can mean lower petrol prices at the gas stations and this can be good as the cost of petrol, can be high at times which can be hard on people struggling with their day to day life. So this will be good for businesses, and may get more customers which will be good, and hope it stays lower during the next few weeks. This will benefit everyone and hopefully save money as well in the process, which they can use for other things, and should be interesting how the next few weeks turn out.

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  • cabrannon529
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15 Aug 2015 22:12 #267841 by cabrannon529
Now's the time to buy up stocks! Sadly, we all know the prices are just going to rise again. Then drop, again, and repeat, until we use up all of the dead dinosaurs! We need to switch to electric cars, and power them with home solar panels. It's the only long-term viable option.

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16 Aug 2015 17:12 #267968 by 7643664
A strengthening U.S. dollar has much to do with the slump, as oil is priced in greenbacks. But the main factor driving energy prices lower is simple economics: there’s too much supply and too little demand.

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19 Aug 2015 13:09 #268344 by chairman
Finance Minister Winston Jordan announces reduction in gas prices at Guyoil from tomorrow

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  • VillageBelle
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19 Aug 2015 13:14 #268348 by VillageBelle
soooo.....why is gas price still so darn high???????

paid 1.05/litre at costco yesterday

we should be paying like .75/litre

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