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This is a sign of what is coming, China is down, Europe is also down, the U. S. market is starting to go down too.
Oil prices is a way to tell what is coming.Oil Prices Fall as Global Glut Persists
I realize that oil prices reflect supply and demand and I don’t know how much of the falling prices is coming from supply vs demand, but to the extent it is demand, it is a reflection of a slowing world economy. In the Northern hemisphere it is still peak vacation season which usually increases demand.
fuel prices are fake like stock market nothing to do with reality only how much we will pay for it the fuel companies say they are tied to main ly tax and cost per barrel crude how come record highs being set instead of lows?
The oil companies have closed down two oil refineries so even tho oil is going down the street price is not. Are they do this to keep prices higher?
An interesting read.
Whirlibird,
Great article with a lot of fact that I didn’t know.Being an oil supported community, I hear a lot about this sort of stuff.
Had a great conversation last night with a gent in the industry about coal, propane and solar/wind power.In a month or so let’s see what the price of home heating oil looks like.
Robin
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