Oil Production Costs In U.S. Drop To $15 Per Barrel – Watch Out OPEC!

 

 

OPEC (Organization of Petroleum Exporting Countries) is hurting.  Saudi Arabia, its leader, is in deep economic trouble, and their efforts to keep prices high are failing miserably.  For details, see link below:

U.S. Oil Production Costs Drop As Low As $15 Per Barrel

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Pensamiento Peligroso writes the truth as he sees it, and if it upsets you, then it makes you think!

2 comments

  1. Paul Snover · · Reply

    ​IF that gets passed on to us lowly consumers it would be great! As it is I could see it escalating war​. Just my observational educated opinion…but I’m just a poor ol’ country boy and MAD Cartoonist!

    On Wed, May 17, 2017 at 2:05 PM, Touch Stone Connect wrote:

    > pensiamentopeligroso posted: ” OPEC (Organization of Petroleum Exporting > Countries) is hurting. Saudi Arabia, its leader, is in deep economic > trouble, and their efforts to keep prices high are failing miserably. For > details, see link below: U.S. Oil Production Costs Drop A” >

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    1. It is being passed on to us. Remember six years ago (or so – my total recall is weak) when you were paying close to $4 a gallon for gas? I haven’t paid even $3 a gallon for a couple of years now. It will also translate in product prices that use petrol-chemicals. Also in transportation costs for products and services. It’s helping to cover for the Federal Reserve’s audacious inflation.

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