Quote:
Originally Posted by 74-911
Six months ago it was "drill baby drill".
Today local refineries are cutting back gasoline production, rigs are starting to go idle and the oil field supply firms are starting to layoff workers. If oil prices stay down for long many of the oil producing nations are going to be in for some rather serious political unrest.
Enjoy the cheap gasoline but hang on to your wallets and keep your tank full, when oil and gas start back up it will probably be with a vengeance.
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Going to be? Kuwait just cancelled a huge deal with Dow, 8 Billion dollars.