Oil...the second Cold War
- Thread starter Noodle
- Start date
It's strange isn't it...
...that we live in an economy where I get a really good deal at the Marathon, and on the other side of the planet, people starve as a result.
Sometimes I wonder if we'd all be better off it we just went back to everyone being a farmer.
goat
This post was edited on 12/17 1:59 AM by TheOriginalHappyGoat
...that we live in an economy where I get a really good deal at the Marathon, and on the other side of the planet, people starve as a result.
Sometimes I wonder if we'd all be better off it we just went back to everyone being a farmer.
goat
This post was edited on 12/17 1:59 AM by TheOriginalHappyGoat
We aren't winning anything.
We have seen this song and dance before. OPEC is in charge and they will always be in charge. They have lowered prices to make the work in ND and the pipeline, cost prohibitive. Then when we throw in towel on those projects because nobody can afford to develop them, they will raise the price again.
Regardless of what the liberals try and tell you, Bush and Cheney really don't control this.
We have seen this song and dance before. OPEC is in charge and they will always be in charge. They have lowered prices to make the work in ND and the pipeline, cost prohibitive. Then when we throw in towel on those projects because nobody can afford to develop them, they will raise the price again.
Regardless of what the liberals try and tell you, Bush and Cheney really don't control this.
OPEC is not responsible for the lower prices
In fact, OPEC is nearly irrelevant at this point. OPEC has not lowered their prices--the market has lowered the price of oil. And a lot of the production in the U.S. is very much sustainable at the current price of oil, with room to go.
This post was edited on 12/17 11:47 AM by Noodle
In fact, OPEC is nearly irrelevant at this point. OPEC has not lowered their prices--the market has lowered the price of oil. And a lot of the production in the U.S. is very much sustainable at the current price of oil, with room to go.
This post was edited on 12/17 11:47 AM by Noodle
A lot of Developers/Filed Owners/Leases will go belly up...
Exxon and others will gobble them all up. Exxon is sitting on a ton of cash, at it's 52 week low, and I just bought a lot of stock in it.
Exxon and others will gobble them all up. Exxon is sitting on a ton of cash, at it's 52 week low, and I just bought a lot of stock in it.
US O&G production will not stop...
it's going and going and going. US can absorb the cost barrier better than everyone. Smaller developers will go bellyup but Exxon/Chevron and others will buy them up. Exxon was one of the lowest land owners in the shale lands.
it's going and going and going. US can absorb the cost barrier better than everyone. Smaller developers will go bellyup but Exxon/Chevron and others will buy them up. Exxon was one of the lowest land owners in the shale lands.
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