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Coming 'oil glut' may push global economy into deflation
The Telegraph (UK) ^ | 8:52PM GMT 15 Jan 2014 | Ambrose Evans-Pritchard

Posted on 01/18/2014 10:12:50 AM PST by Praxeologue

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To: ckilmer
the price of oil will fall enough to kill some of the new fracking fields in west texas and oklahoma

Only exploration, not "manufacturing" drilling, but that's bad enough and would include the Bakken. Eagle Ford won't suffer. This would also harm the feasibility of future Alberta oil sands projects.

Do you think that Obama had this in mind? Another $70 billion a year for his Iranian friends instead of the evil Red States and Canadians.

61 posted on 01/19/2014 12:41:57 AM PST by Praxeologue
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To: Kennard

who in their right mind really thinks cheap energy is going to hurt the economy??


62 posted on 01/19/2014 12:42:42 AM PST by GeronL (Extra Large Cheesy Over-Stuffed Hobbit)
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To: Kennard

the price of oil will fall enough to kill some of the new fracking fields in west texas and oklahoma

Only exploration, not “manufacturing” drilling, but that’s bad enough and would include the Bakken. Eagle Ford won’t suffer. This would also harm the feasibility of future Alberta oil sands projects.

Do you think that Obama had this in mind? Another $70 billion a year for his Iranian friends instead of the evil Red States and Canadians.
...............
Good question. Its certain that red states & canadians like the US military and Israel are low priorities.


63 posted on 01/19/2014 8:01:07 AM PST by ckilmer
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To: ckilmer

Thanks ckilmer, well said. Zero and his cadre are indeed working for the interests of OPEC, but when the next war breaks out (any minute, probably) people will be fracking under the Great Lakes. :’)


64 posted on 01/19/2014 10:15:24 AM PST by SunkenCiv (;http://www.freerepublic.com/~mestamachine/)
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