- 22,726
- 30,081
EU economy is in a tailspin, china keeps punching itself in the dick, and Biden is hoovering out all of the strategic reserves at record rates. Of course oil prices will go down. If China ever wakes up and the SPR gets critically low, they'll bounce right back up.Damn, oil is fucking crashing.
OPEC might call a larger production cut in response, but I doubt any of the big players are bothered by oil 80$, they are still making lots of money at that price.