A few weeks ago it was a glut of gas bringing down oil prices.  This week, we find out Saudi is pumping oil like there’s no tomorrow…

Result:  We are going to have cheaper oil AND gas for some time!

Good news for fuel users (drivers, road-trippers, utilities, energy intensive industries). Bad news for oil producers (a large chunk of the stock market as these companies are large!) As OPEC countries are pushing output close to the all-time high, the glut is likely to continue.