Oil - How low can it go?

**Unix** · 20 January 2016, 15:06

Originally posted by DaveB View Post

Just how low can oil prices go and who is hardest hit? - BBC News

Low $20's?

I think it will go to $12 then bounce up to $150 just in time for indyref 2.0

.

**DimPrawn** · 20 January 2016, 15:09

Which? Brent or WTI?

**SimonMac** · 20 January 2016, 15:11

£2.50 which is about $3.55

Filippo Berio Extra Virgin Olive Oil

**scooterscot** · 20 January 2016, 15:25

If I were in charge I'd be steering these tankers to the north sea and reversing the pumps. Save it for a raining day n all.

**BlasterBates** · 20 January 2016, 15:37

The lower it goes the higher the bounce

**AtW** · 20 January 2016, 15:42

African or European?

15 bucks per barrel is a very good price.

**diseasex** · 20 January 2016, 15:46

Originally posted by AtW View Post

African or European?

15 bucks per barrel is a very good price.

Hope we can keep this price longer.

**seanraaron** · 20 January 2016, 15:48

It'll keep dropping until the Saudis feel they've killed off competition from shale oil, I expect. So the real question is: how low is too low to bother with shale?

**Troll** · 20 January 2016, 15:50

With Diesel and Petrol now below £1 @ litre it's a certainty that the Fuel duty will be raised in the next budget

Oil - How low can it go?