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Crude OIl hits 12 year low
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http://www.bloomberg.com/news/articles/2016-01-10/oil-extends-slide-at-11-year-low-amid-signs-of-china-weakness
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>>16196
Thanks Obama!
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>>16203

What the fuck does this have to do with Obama?
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>>16205
>that was the meme
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>>16214

such epic very meme
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>>16205
It was a campaign issue in 2012
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>>16219
>>16205
>http://www.safehaven.com/article/24516/global-oil-shock-could-sink-obamas-re-election-bid

http://www.politico.com/story/2012/03/koch-brothers-linked-to-36m-anti-obama-gas-price-ad-074643

http://www.breitbart.com/big-government/2012/04/17/obama-blames-oil-prices-wall-street/

http://www.energytrendsinsider.com/2012/09/15/gasoline-prices-doubled-under-obama-true-or-false/
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>>16263
L O L
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>>16205
Nothing, OPEC is flooding the market in an attempt to maintain their monopoly.
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ND anon here. Rig count for the state has dropped from 64 to 55 in the last month, with more scheduled to be stacked out soon. To compare, when oil was around $100 our rig count was close to 200.

Schlumberger is currently on a three week furlough and laying off more senior employees.

Halliburton is resorting to underbidding smaller companies, when before they could remain expensive. My halliburton contact picked up two fracs this week from a local company.
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this is actually newsworthy.

for once, OP is not a fag.
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>>16205
Everything, good or bad, is actually obama's fault. Obama is God.
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>>16376
>filthy Soud sandfags discover oil
>based Despotic government controls thousands of square miles
>squares up with US oil market

fuck
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with crude dropping in price I wonder if we would see a slight discount in petroleum based products, and also a food price discount?
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>>16376
This is a massive problem that no one is talking about. When they stop dumping prices are going to shoot through the roof not only because of OPEC's price raise but Canada's loss of oil workers. The suicide rate has skyrockets in Winnipeg and Saskatchewan. We didn't want the Keystone pipeline and now this shit is happening. Thanks Obama
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And somehow the world keeps spinning.
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>>16574
The world would keep spinning if nukes were set off in every major city world wide. Don't be cheeky.
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>>16570
What's the keystone pipeline got to do with anything but oil company executives making money? I mean, unless you own major weight in shares of an oil company, keystone had no benefit whatsoever for you.
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>>16623
There are good arguments for and against Keystone, but in general it is safer and more efficient to transport oil by pipeline than by train. If the oil is getting burned anyway, I would rather have it move via pipeline.
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>>16629
That's great, and when you can adequately compensate the average American for the use of American land to transport Canadian oil to foreign customers, you can have the pipeline. Otherwise, I have to ask, as an average American, what the fuck's in it for me?
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The only reason Keystone hasn't been approved is that Warren Buffet is a huge doner to the dems and he doesn't want it built because it would mean massive losses to his railway, BNSF.

Instead he'd rather have his shit conductors blow the hell out of rural areas because they don't know how to slow down when a turn is coming up.
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>>16789
What would the benefit be to the average American?
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