SAJ-99
Well-known member
Sorry, I meant in a narrow time frame. There is a lot of stuff going on in that chart that adds context, like Saudis and Russia trying a price war in late 2016 and 2017, but your point is taken. My only question to people with a desire for lower gasoline prices is if production cost for oil is $35/brl, what should a barrel trade at? Add in $5/brl for processing to finished product? I don't want O&G companies going bankrupt because it destabilizes the market and lets SA control the price. Unfortunately if you make the price of gasoline a political issue, you have SA having too much potential influence in US elections.Lol lower gas prices
all politicians are wishy washy neither are better then the other they both are on the take for there wealthy donors
You can check O&G bankruptcies here. There are a lot of clown shows in the O&G exploration industry, so it can be noisy.