Quote:
Originally Posted by stiletto2
And with oil hovering around $30 a barrel for a while now, it's looking like too little too late. Sure, cost of fuel will eventually climb, but I think that is going to be a while.
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I would agree except that oil is an increasingly volatile commodity.
Reality is we are going to run into a hard stop soon, all the wash tubs and swimming pools are filling up with oil, soon we won't have storage, at that point oil becomes unsellable, there will be a crash a bunch of BS and rapid price fluctuations.
Meaning our low price today could become $0.59 tomorrow and $6 the next day because we are going to end up with a lot of production vanishing for about a year minimum when the stuff starts to flow on the ground and suppliers have to cap due to storage constraints.