Yup I've got my fingers crossed that it will continue down for a while. I'm not sure what percentage of the price is due to speculation (I've read "expert" opinions from 5% to 50%) but just the mention of opening up more drilling seems to have helped some. Just speaking for myself I'd love to see some gas and oil rigs off of the Virginia and Carolina coasts. Their safety records are excellent and can you say structure! A win win in my book.
__________________
You'll have to excuse me but I'm running a carbon deficit today.
|