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I watched an oil driller on CNBC the other night say that $60...

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28/11/14

14:48

Post #: 14372891
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Originally posted by cashman2284 ↑

Haha,
Well for starters a lower oil price is not good news for oil producers / explorers in the US that are fracking the average COP is $70 per barrell and a heap of oil companies have issued bonds to raise capital for exploration etc.

I would be surprised if this triggers a whole new crisis in the medium term.

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I watched an oil driller on CNBC the other night say that $60 and lower is possible for fracking. In the meantime gold is starting its next leg down.
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