Crude Prices Fall to 3-Month Low

According to OilPro.com and a report by Reuters, US crude prices fell to a 3 month low on Monday, a fall of nearly 3%

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Eventually the world will start to grow short of oil and production and new exploration will surely have to pick up. This would appear to be very uneconomic at current oil prices, so the price will have to rise to fund this new exploration.

Personally I would rather pay an extra 30p per litre for fuel at the pump and still have a job! The oil and gas industry in the UK has suffered very badly due to the low price of oil and anyone still in employment is hanging on by their fingernails..