HAVE YOU HUGGED A FRACKER TODAY? Oil Prices Down 35% From Recent Highs. “Crude for January delivery slips more than 7% to $46.24 a barrel.”

Signs of rising U.S. and Russian crude production have also helped send prices spiraling in recent days.

In its drilling productivity report late Monday, the U.S. Energy Information Administration estimated that U.S. shale-oil production from several key regions would rise from December by 134,000 barrels a day to reach 8.2 million barrels a day in January. That would mark an acceleration from growth in previous months.

The U.S. overtook Saudi Arabia and Russia as the world’s largest producer earlier this year and is pumping nearly 12 million barrels a day in total, EIA figures show. Russia, meanwhile, said its crude output had climbed to a record 11.42 million barrels a day in December.

Seriously, have you?