<$2/gallon gas is already happening. Some are predicting $35-40/barrel and <$2/gallon gas everywhere. I hope it stays that low for a long while.[/quote]
Less than $50/barrel oil is already here in the U.S.
Read this article.. It's pretty interesting...
http://www.worldoil.com/Bakken-oil-already-under-due-to-regional-discount.html%5B/quote%5DThat's <$50/barrel at the wellhead. I'm talking about $35-40/barrel in the open market. There's a discount at the wellhead because they don't have to pay for gathering fees, trucking, terminalling, pipeline, etc.
