CLASS RACER FORUM - View Single Post - Al-Anabi leaving racing

Bruce Schoenbaechler · 01-06-2015, 07:35 AM

the last year there has been somewhat of a "whizzing" contest between the shale oil producing companies in the US and OPEC. OPEC believes that the US companies can't survive oil at $50 a barrel. The US companies say their good to $30 a barrel. I guess the first to blink loses. If the US companies can't compete past a certain price, I'm betting gas prices will soar...

01-06-2015, 07:35 AM	#7
Bruce Schoenbaechler Junior Member Join Date: Dec 2003 Location: Myrtle Beach, S.C. Posts: 33 Likes: 0 Liked 0 Times in 0 Posts	Re: Al-Anabi leaving racing the last year there has been somewhat of a "whizzing" contest between the shale oil producing companies in the US and OPEC. OPEC believes that the US companies can't survive oil at $50 a barrel. The US companies say their good to $30 a barrel. I guess the first to blink loses. If the US companies can't compete past a certain price, I'm betting gas prices will soar... __________________ SCHOENY