Wednesday, January 20, 2016

And the Economic news gets starker.

Lex Anteinternet: Lex Anteinternet: Lex Anteinternet: Lex Anteintern...: And now the price of oil is down to. . . $29.00 bbl.
Wyoming sweet crude is down to about $19.00 bbl.  Wyoming sour crude is now down to about $9.00 bbl.  It was at $76.00 bbl in June 2014.

Fairly clearly, those are not economically sustainable prices.

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