August 1, 2016
...AND RICHER...:
Here we go again: Oil plunges back below $40 (Matt Egan, August 1, 2016, CNN MONEY)
It's the latest setback for oil bulls who thought crude was on a straight shot back to $60 and higher following the crash that began in late 2014. The price had peaked at $107 in June 2014.The recent selling has been driven by a realization that the epic oil glut remains largely intact -- and some U.S. oil companies may make it worse by starting to drill more.
Posted by Orrin Judd at August 1, 2016 3:47 PM