Now you have to understand oil is traded on what they call the futures market. I liken it to rampant speculation.
Apparently there’s a little price war going on between Saudi Arabia and Russia right now. And it’s pushing the price of a barrel of oil down below $30. I’m just laughing my ass off right now because this means this spring/summer gasoline prices are gonna tumble too. We could see sub $2 a gallon gas again.
Now this will also reduce the demand for electric cars too. Maybe.