Don't look now but the oil market is collapsing (user search)
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  Don't look now but the oil market is collapsing (search mode)
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Author Topic: Don't look now but the oil market is collapsing  (Read 10667 times)
angus
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Posts: 17,424
« on: December 10, 2014, 12:26:30 PM »

It's becoming highly possible TransCanada will drop the project on their own.

yep.  I have 100 shares of TRP which I bought six years ago at about 36 dollars per share.  I should have sold at $58 back in September when it peaked.  I was holding out for $70 and it seemed headed in that direction at the time.  Today it is about 45 dollars and falling.  

Oh, well.  I paid $2.69 per gallon for fuel yesterday, so I guess there's a silver lining.  I fill up my car about once every three weeks and it holds 12 gallons, so getting a dollar off per gallon saves me about 200 dollars per year.  It's not a bad trade-off really.

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