The arabs will soon drink the camel's piss

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kelvin070

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Oil price hit a 22-month low of $55 a barrel. The price was $147 per barrel in july. I wont be surprised if the price drops to $30 soon. OPEC will as usual cut production but this strategy won't work for them cuz demand is falling rapidly.
 
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NicAuf

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I thought the rest of the thread title was gonna read "The arabs will soon drink the blood of....."

Yeah gas around my area is about $1.95 on average. So much better than 3.80
 

SgtSpike

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Nice... I can't wait for gas to get under $2.00/gallon here. We might not be paying $500/mo in gas when that happens... and can spend money on something other than fuel, lol.
 

deep impact

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Yeah the price is now $45 dollars and its already a pain in ASS for the arabs

they have collect enough money while oil price is $150. now they have much money and there is a financial crisis all over the world. they can buy everything what they want with a low price.
 

kelvin070

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they have collect enough money while oil price is $150. now they have much money and there is a financial crisis all over the world. they can buy everything what they want with a low price.
Nigeria and Iran are among the top oil producers but these two countries are in shambles.
 

kelvin070

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Oil producing countries have created budgets with the assumption that oil prices will hover around $80 per barrel but with the current price of $45 they really can't sustain.
 
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