Emergency Summit In Riyadh News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Transportation costs. everybody spend less on gas but costs less for everything when gas prices come down. bill: looking over your shoulder, seeing a buck 99 for unleaded. when was last time we saw that? was it 2007, 2008? at least, yeah. it was right after we saw, we very briefly saw it after the crash, prices dropped but i got to warn you, this isn t around forever. i remember i went to an emergency summit in riyadh, saudi arabia, when the price of oil was $147 a barrel. folks at that time said there is fundamental change. we ve seen peak oil and never see oil prices lower again. folks were hurting as a result of this say we ll never see cheap oil again. technology came along. it increased supply. we saw tremendous frack fracking. pennsylvania, is huge place for fracking they re hurting because marginal job is not done. it won t last forever. we go back and forth, highs and lows. prices will come up, just not right away. ....

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