I don't want to seem negative but the price of oil is nearing a disaster level! $31.30/barrel down $1.86 today and the lowest price since 2003.
Sounds great for filling up your gas tank but there is a limit how low gas can go regardless of the price of oil because refining costs are so high these days.
Plus it don't pay to go look for some more.
13 rigs pulled off the jobs last week in TX alone.
Falling like a rock now, Down $2.19 @ $30.97
you can look for more, and even find it, trick is to get the gubmint and eco-peeps to allow you to drill for it.
Oil/gas prices are like investments. market crashed back in the summer and I (just speaking from personal experience, a few people I spoke with concurred) lost about 5K in my retirement. market regained all and added to it and I re-gained around 3K. drop took 2 days, re-gain took 2 months. recent drop lost me approx 4k. took 2 days again. Would be questioning my investment group, but it seems they are not the only ones who are doing this.
Oil works the same. oil prices go up and price at the pump goes up immediately. oil prices go down, and it takes weeks for it to reflect.
fact of the matter is I hate them all!