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re: Low Gas Prices, People don't understand the Problems
Posted on 1/5/15 at 1:27 pm to TheIndulger
Posted on 1/5/15 at 1:27 pm to TheIndulger
quote:
Another industry that probably loses at low oil and gas prices is alternative forms of energy. Suddenly people aren't that interested in that expensive hybrid when gas is less than $2/ gallon.
You are right. Our company re-refines used oil into base oil. Right now base oil is selling extremely low due to low crude prices because its just as cheap to get base oil from new crude oil compared to base oil from the re-refined used oil.
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