Another nail in the coffin for the Frackers

[Champion Jack]

TOKYO (Reuters) - Oil prices seized the Asian spotlight on Friday, as related shares and currencies plunged in the wake of OPEC's decision to refrain from cutting output despite a supply glut.

With U.S. markets shut on Thursday for the Thanksgiving holiday, investors focused on the Organization of Petroleum Exporting Countries' meeting in Vienna, where Saudi Arabia blocked calls from poorer cartel members to cut production to stem a slide in global prices.

http://finance.yahoo.com/news/oil-prices-tumble-opec-refrains-003853644.html

[Live and Learn]

1. Unfortunately, what I heard over the turkey was how great fracking was

and how it was resulting in lower gas prices. That was the first time I lost it. Argh, you have to love these family holidays, though.