See the new mining houses and holding companies in the side-bar for Feb 2015
The has been much conjecture about the price at this moment and experts did not predict the sudden fall. How ever early in 2014 when the price was still pretty high it was noted that there was already a glut of oil and it was said that speculator buyers of the unrefined oil were keeping large tankers in the Arabian gulf bottled up to prevent an over supply to the world.
Ross Perot Junior ,the son of former presidential US candidate, an oil billionaire thinks that oil will settle in the region of $60 to $70 for at least the next couple of years.
It should be noted that previously when the oil price was low ,all other ecological methods that would be better for our world took a back seat and were usually stopped completely. Not so this time and the world presses on with safer nuclear reactors , solar power, wind and wave power as well. -Naomi
SEE ALSO THE GOLD PAGE UPDATE IN THE SIDE-BAR 4/2/2015
