mandazi

The influence of the hip hop culture has reached the streets of Mecca. Hopefully there are projects that can divert this negative energy into a positive vibe that will attract the Saudi youth.
Source

This is great news to me.  It’s about time those oil rich companies start cutting their prices.  They made record profits this year and last year, they don’t need any more grand revenues.

All the current talk about alternative fuels is doing oil prices no good.

Gulf Oil CEO Joe Petrowski said on Wednesday that the price of oil could sink to $20 per barrel, and there is a chance gasoline prices could drop as low as $1 per gallon by early next year.

Speaking at a South Shore Chamber of Commerce breakfast at Lombardo’s in Randolph, the Brockton native said that after speculators drove oil prices up, there is a chance that the market will overshoot on the way back down, resulting in much lower prices at the pump.

Gas prices have already sunk fairly rapidly this fall, reaching a statewide average of $1.85 for a gallon of regular-grade gasoline this week, following a plunge in crude oil prices.

To make matters worse (for the oil companies and producers) Merril Lynch is predicting $25/barrel oil soon

Shout out to Tariq Nelson for sharing this.