ALJAZAM News January 6, 2015
The new serious troubles under see seattle. We begin tonight with the price of oil and gasoline, both are down way down. Oil prices now at the lowest point in five years. Prices at the pump have dropped for 102 straight days. The longest streak ever. That could be a big drain on the global economy. A freefall with no end in sight. The cost of crude now below 50 a barrel. And u. S. Energy stocks took a hit. Oil is so cheap because theres a worldwide glut. It could wreak havoc and re regeopolitical lines of power. Iraq Oil Production is at its highest point since 1980 and in the United States ou...