NASTY NOW — The market is getting really nasty now. The price of an OPEC barrel was just $23.58 Monday. That is a drop of 26 percent in just the 10 trading days since the start of 2016. It is a drop of 78 percent from the average OPEC price that prevailed from 2011 through 2013. To repeat: 78 percent! And almost all forecasters see the market glut continuing for some ime. The optimists see some relief late this year. The pessimists see some relief late next year.
