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Guru

Join Date: Feb 2011
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Got 44 Bucks?

01/28/2015 2:08 PM

you can buy oil on the cheap!, us stock piles bad for some but great break for consumershttp://www.cnbc.com/id/102373989

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Guru

Join Date: Aug 2012
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#1

Re: Got 44 Bucks?

01/28/2015 10:17 PM

As the pendulum swings down....

I remember seeing something the last time this happened, that struck me as quite apropos; along the lines of "if you told the petroleum industry 5 years ago that they would be selling oil at $60 a barrel today, they would be ecstatic. The problem is that they saw $100 oil along the way!!"

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Guru

Join Date: Feb 2011
Posts: 7025
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#2

Re: Got 44 Bucks?

01/29/2015 10:50 AM

Jan 29, trading in the 43's... still pretty soft

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