low oil price is temporal.
What is important is for USA to get its basics right. The same applies to SG. SG's economy is headed for recession if high rentals persist
This shale oil puts US at a huge advantage over other economies. Japan better start their nuclear reactors soon if they want to compete as prices for LNG in Asia is many times that of US.
oil also known as liquid gold moves in stride with gold prices. anybody who buys gold at this juncture ought to be slapped by their mothers. anyway, from this piece of news, tonight's bee kok retail sales release will be better than 0.2 forecasted.
take my word for it...
If their mother not alive then how?
Low oil prices screw Russia too so it is a double benefit for the USA.
Teach these oil Baron a lesson.
In 2005, oil was just trading at $25 USD per barrel. in 10 years time, it balloned to $148 per barrel in 2008.
Now ask them to make a few dollar less to balanced out and they are making so much noise. Probably, we need to starved these Muslim country a bit more so that terrorist can be taught a lesson of humility.
Wow I didnt know it was so low in 2005. Was it the regular price then or was it for a short period because it was pressed down by the speculators? Hope it comes down some more so things can be cheaper.
http://www.macrotrends.net/1369/crude-oil-price-history-chart
You can probably see the pricing of the crude.
why you all like to talk history? future is more important...
Knowledge of History to know the future.
Wise... but history is no guarantee of future.