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re: Low Gas Prices, People don't understand the Problems

Posted on 1/5/15 at 12:57 pm to
Posted by chryso
Baton Rouge
Member since Jul 2008
12010 posts
Posted on 1/5/15 at 12:57 pm to
quote:

The flooding of the market with outside oil


It seems to me that with the rise of fracking in the US we are the ones flooding the market.
Posted by JOHNN
Prairieville
Member since Nov 2008
4363 posts
Posted on 1/5/15 at 1:03 pm to
quote:

It seems to me that with the rise of fracking in the US we are the ones flooding the market.


We are. Other countries are pissed that the US has upped their production and isnt buying as much oil as in previous years. So in turn the market is falling bc there is so much oil available. Its now basically a pissing match between the US and other oil producing countries to see who will back down first.
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