HOUSTON, Texas — Schlumberger, a Houston- based company is the world’s largest oilfield services company, and reported a sharp decline in fourth quarter profits relating to lower expected exploration spending as a result of the plunge in crude oil prices.Oil prices continued to plunge as the price of crude fell to below $47 on Thursday’s trading in the stock market. Last June, the price for a barrel was at $107.Meanwhile, customers are happy going to the pump these days. Gas is now going for less than $2 a gallon at most U.S. gas stations. Prices have plunged about 46 cents a gallon in the last month and are down $1.21 a gallon in the last year.

  -Abraham Silva