The US rig count is down 60% from where it was just a few months ago. All because of OPEC not wanting to lose market share. It is a war on America. Our oil technology requires oil prices to be @ or above $75.00 per bbl for our Shale oil to be marketable. Opec continues to flood the market with oil.
One of our US Presidents called it trickle down economics where money is dispersed through jobs. So when oil prices drop, and markets collapse , it trickles down through lose of jobs and company Bankruptcy. Steal mills, Real estate, Banks etc. We all like lower gas prices but like I said OPEC is Warring against America. Period !!
Tracy
