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thetransporter
01-01-2015, 08:59 PM
Make sure if you fill up at 48/cents/litre on US road trip if you stop by in OK

http://kfor.com/2014/12/31/how-low-can-we-go-oklahoma-gas-prices-keep-tumblin/

“Saudi Arabia is trying to undermine U.S. shale oil production, which has risen due to the high oil prices, and they have geo-political reasons undermine Iran and Russia,” said analyst Andrew Lipow.


Funny they say that, while at the gas station downtown in Calgary, the other day, people were talking about gas prices and one gentlemen said "blame the air-rabs for this" [falling as prices]

Xtrema
01-01-2015, 09:15 PM
Prepare for price war.

US just approve of light oil exports.

http://www.cbc.ca/news/business/new-rules-on-light-oil-exports-open-markets-for-u-s-producers-1.2887573

Saudi is also running a deficit, they are doing this to kill everyone that has more operating cost than them and hoping that their reserve fund will last long enough for all these plays to die out.