Faisal KhanAnswered Jan 11, 2013Not really.
I've resigned to the fact that Oil will no longer be in the $40-$60 range. The current pricing has made everything is expensive (from Imports to Exports), as both are oil-price driven.
The promise of hydraulic fracking, which will get more oil/gas out of the ground and bring down prices - is not happening (I read this somewhere, cannot recall exactly where). So, yes, I've thrown in the towel.
I've resigned to the fact that Oil will no longer be in the $40-$60 range. The current pricing has made everything is expensive (from Imports to Exports), as both are oil-price driven.
The promise of hydraulic fracking, which will get more oil/gas out of the ground and bring down prices - is not happening (I read this somewhere, cannot recall exactly where). So, yes, I've thrown in the towel.