I love it! Thinking about pulling the boat to the pump to fill it up!

Good luck to you- it's tough when forces out of your control move in ways that affect you in a bad way.

As was stated upthread- it appears to be a simple issue of supply and demand.
The Saudis have decided not to cut production and that is killing all the fringe producers because of (mainly) the drop in demand from China and increased production here (plus natural gas).
It won't ever go back to $100/bbl- the slow, but increasing use of alternative energy will see to it.

I disagree. It will go well over $100 and likely closer to $200. Lol

It's creeping up here. It'll be over $3 before long.

its comical $60 decrease a barrel knocks off a $1/gallon at the pump. Barrel raises $3, 35 cent increase at the pump.....

The jokes been on us a long long time. I'm old enough to know this. Not so much lol but puta...

hey stock trades were aplauding the 20 percent raise in oil futures .. i hope the speculaters got pinched .. maybe they be a little more true to suply n demand . lol

I like your optimism!

My guess is based on... air. Anything can happen, and probably will.

Seriously, if anything happens to worsen the status quo in the middle east (how could that ever happen?) all bets are off.
Feels like there's a lot of vulnerability to disruption in places like Iraq and Libya...
if their fragile systems can continue to improve and increase, it will add to the glut and keep prices down.
(I know that is one small factor in a global bowl of factors...)

I'm hoping for the best, but if history is any guide...

People in the Mid East will tell you that the Subjects are getting sick and tired of of paying close to 2.50 per liter. To stay in power the King has to appease his Subjects and now we have a New King: Salman bin Abdulaziz Al Saud. Unless you are him, no one really knows how this is all going to shape out. IMHO.

Here's what I don't understand. I've been in the O&G business for 8 years now, working for a rental tool/service company. When I started in 07' gas was $1.50ish a gallon and we were so busy that we couldn't keep up and everything was great. Fast forward to the end of 2014/beginning of 2015, gas is $1.80 a gallon and it is causing havoc everywhere. Why ? What changed ? I asked this question to my former boss which had successfully run the business for 30+ years by himself (until he sold to a larger company but still stayed on as a consultant for us), and he could not answer that question. On January 6th the powers that be paid us a visit and closed the business down. I took a job with another service company, but it's not looking too promising for them either. I'm about to remove myself from the oil & gas business all together.