RE:just have $70 oil?snake123 wrote: the consumer could handle it. good for economies, good for jobs, good for investors, good for everyone. do we really need this mayham at $40 a barrel? i wouldn't mind paying a bit more at the pump for some economic stablility and job growth
You're already paying more at the pump - refining margins are high....oil companies with refining capacity (e.g. Suncor, Imperial) are making a killing on their refinery operations....they will likely post Q2 2015 results that are a lot better than E&P companies like CPG....