Oil

[Xwetie]

Gas and oil are very cheap in the us right now and have been so for quite some time running around 30 bucks a barrel. The low price is causing many of shale companies in the Dakotas to shut down. I was reading an article saying by 2019 oil will become exorbitant again as oil companies are not investing in exploration so eventually the cheap glut will lead to a shortage. Other analysts say the see no quick end to the cheap prices. The Saudis seem quite smart. With prices low they continue to flood the market to shut down competition from Russia and the us. A gallon of gas is about 2.20 for the cheap grade in my part of the us, but my state has one of the highest tax rates.

Cheap over here as well

[walrus]

Gas and oil are very cheap in the us right now and have been so for quite some time running around 30 bucks a barrel. The low price is causing many of shale companies in the Dakotas to shut down. I was reading an article saying by 2019 oil will become exorbitant again as oil companies are not investing in exploration so eventually the cheap glut will lead to a shortage. Other analysts say the see no quick end to the cheap prices. The Saudis seem quite smart. With prices low they continue to flood the market to shut down competition from Russia and the us. A gallon of gas is about 2.20 for the cheap grade in my part of the us, but my state has one of the highest tax rates.

Cheap over here as well

What do you guys pay. You buy by the litre right?

[Xwetie]

Gas and oil are very cheap in the us right now and have been so for quite some time running around 30 bucks a barrel. The low price is causing many of shale companies in the Dakotas to shut down. I was reading an article saying by 2019 oil will become exorbitant again as oil companies are not investing in exploration so eventually the cheap glut will lead to a shortage. Other analysts say the see no quick end to the cheap prices. The Saudis seem quite smart. With prices low they continue to flood the market to shut down competition from Russia and the us. A gallon of gas is about 2.20 for the cheap grade in my part of the us, but my state has one of the highest tax rates.

Cheap over here as well

What do you guys pay. You buy by the litre right?

yes we buy by the litre
1.2 usd a liter?

[walrus]

Wow, you still pay more than us. About 3.7 litres per gal!on. I guess its all relative, you probably pay less than us in other things.

[Andre]

Ours is exactly 1 dollar American per liter at the moment cause its 1.47 a litre. 1.43 Aus to 1.00 US.

[walrus]

Ours is exactly 1 dollar American per liter at the moment cause its 1.47 a litre. 1.43 Aus to 1.00 US.

So you are over 3 bucks a gallon. I just saw a place selling regular for1.95 a gallon. That means some us states are probably paying 1.50 a gallon.

[Andre]

Ours is exactly 1 dollar American per liter at the moment cause its 1.47 a litre. 1.43 Aus to 1.00 US.

So you are over 3 bucks a gallon. I just saw a place selling regular for1.95 a gallon. That means some us states are probably paying 1.50 a gallon.

The spoils of war.