52 The_Zognald is celebrating a "massive" drop in oil prices, but if you zoom out and look at the bigger picture, oil is still high a.f. (files.catbox.moe) posted 106 days ago by RhodesianRidgeback 106 days ago by RhodesianRidgeback +52 / -0 47 comments share 47 comments share save hide report block hide replies
Its really not. it hit $120 yesterday, then crashed to now 85. 85 is actually high and very very profitable for 99% of oil producers (only some operations in norway still produces at a loss for 85 due to muh socialism)