SoGrateful Posted March 16, 2015 Report Share Posted March 16, 2015 Oil prices dropped to $42.86 What does that mean for us?? Saying its going to drop to $30 soon... Link to comment Share on other sites More sharing options...
aliciadogz Posted March 16, 2015 Report Share Posted March 16, 2015 Good I'm sick of high prices of gas. 1 Link to comment Share on other sites More sharing options...
SoGrateful Posted March 16, 2015 Author Report Share Posted March 16, 2015 Is it bad for the Dinar? If they RV will it go back up?? Link to comment Share on other sites More sharing options...
skrappyone Posted March 16, 2015 Report Share Posted March 16, 2015 Don't look at the WTI Crude prices..... Crude Oil 46.09 -0.97 -2.07% Look at Brent Crude prices....... Brent Oil 54.13 -0.88 -1.60% They set their budget at 56.00USD/BBL.........It's still above 54..........It is going to go back and forth for a while.........Probably until June......then it will go back to around 80.00 and level out for the second half of the year. Now with that said, don't get your hopes up on low gas prices, because the oil companies have already closed rifineries to get the gas prices back up. Don't get to down on the dinar yet. It is gonna happen. When? I wish I knew, but if not by June, I think we are looking at 2016. Just my opinion. 2 Link to comment Share on other sites More sharing options...
The Machine Posted March 16, 2015 Report Share Posted March 16, 2015 Good I'm sick of high prices of gas. The prices you pay at the pump are still 3 times lower than what we pay in Europe 1 Link to comment Share on other sites More sharing options...
drj Posted March 16, 2015 Report Share Posted March 16, 2015 Don't look at the WTI Crude prices..... Crude Oil 46.09 -0.97 -2.07% Look at Brent Crude prices....... Brent Oil 54.13 -0.88 -1.60% They set their budget at 56.00USD/BBL.........It's still above 54..........It is going to go back and forth for a while.........Probably until June......then it will go back to around 80.00 and level out for the second half of the year. Now with that said, don't get your hopes up on low gas prices, because the oil companies have already closed rifineries to get the gas prices back up. Don't get to down on the dinar yet. It is gonna happen. When? I wish I knew, but if not by June, I think we are looking at 2016. Just my opinion. Exactly, Brent Oil is the gage. Link to comment Share on other sites More sharing options...
69mustang Posted March 16, 2015 Report Share Posted March 16, 2015 Now with that said, don't get your hopes up on low gas prices, because the oil companies have already closed rifineries to get the gas prices back. Even though refineries are closing, that doesn't mean prices will go up soon. They are still producing just as much and demand will remain stagnant. IMO Link to comment Share on other sites More sharing options...
eburt Posted March 16, 2015 Report Share Posted March 16, 2015 I would not worry about because Iraq is on a different time table than everyone else - If it high or low they still will drag their feet on RVing their currency.... Link to comment Share on other sites More sharing options...
gymrat76541 Posted March 16, 2015 Report Share Posted March 16, 2015 Oil prices dropped to $42.86 What does that mean for us?? Saying its going to drop to $30 soon... It ain't bad at all for the consumer! It does have an effect on the economy. It certainly will have an effect of the economy of Iraq which does not help us in this investment! 1 Link to comment Share on other sites More sharing options...
davis411 Posted March 16, 2015 Report Share Posted March 16, 2015 Now with that said, don't get your hopes up on low gas prices, because the oil companies have already closed rifineries to get the gas prices back. Even though refineries are closing, that doesn't mean prices will go up soon. They are still producing just as much and demand will remain stagnant. IMO true true, the prices here at the pumps did drop nicely a few months back, they have worked their way right back up, the sheep can lining up saying thanks for the cheap fuel Link to comment Share on other sites More sharing options...
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