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On the Butler Patio

July, 2017

What’s Going On with Oil?

By Chuck Butler


It runs up, it slides down, it runs up, it slides down… How long will this go on? Oh! I’m talking about the price of oil! You know Black Gold, Texas Tea? Every time it appears that the price of oil is going to go higher and stay there, it gets slammed by a supply glut… Then supply goes down, because the price of refined oil, aka gas, goes down, and that causes the price of oil to rise again.