Analyst: OPEC is 'failing miserably' at controlling global oil flow
Oil futures dipped below $45 a barrel on Wednesday, settling at the lowest level in nearly two weeks after the Energy Information Administration lowered its crude-oil price forecasts for this year and next.
not good for oil producers or the huge industry that supports them, drilling and exploration either slows or stops. We appear now to have oil "out the ears". What a change. Most of us can remember when availability of oil was a huge issue, and the foundation for our support of the Middle East, starting with Aramco.
Maybe all those hybrid cars really are making a difference. I bet within ten years we'll see RNG in an automated car happily pecking away at a TBN post while his other guided transport pod whisks him down the highway, like little road trains of identical plastic pods. And the only motor noises he hears will be piped in. Let's see, shall we listen to an old Harley today or perhaps a 60's Corvette small block? A Mustang 5.0 you say? Ok, for Eric we'll allow an Austin Healey setting... Would be cool to just turn the dial for different sounds. Might make driving a high performance golf cart/err transport module more appealing.
So....I guess i will get my diesel tank and fill it up.
Gas is 1.99 and diesel is 2.35 here at the retail pump this moment. I was quoted 1.92 awhile back for 200 gallons of diesel, might drop another dime by the time I'm ready. Marvelous.