annyone

Oil: A Slippery Slope Ahead?

"Basically, if you sell 100 barrels of oil at $50, you make $5,000, and if you sell 50 barrels at $80, you only walk away with $4,000."

50% reduction in consumption WOW!!

most dire state reduction in oil consumtion worldwide is still less that 10% but for argument sake even with 10% reduction at $80 revenue would still be 90*80=7200