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Here Comes $75 Oil
Barron's ^ | MARCH 29, 2014 | GENE EPSTEIN

Posted on 03/31/2014 12:25:50 PM PDT by thackney

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To: meatloaf
The flood of natural gas is a game changer.

Which is why we are seeing pressure to go down to $75 a barrel and the "Methane" is evil and the cause of all ills stories sprouting up everywhere...

Hmmmm, the Saudi Lobby on K-Street working overtime perhaps?

41 posted on 03/31/2014 2:46:29 PM PDT by taildragger (The E-GOP won't know what hit them, The Party of Reagan is almost here, hang tight folks....)
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To: Buckeye McFrog

Here comes the mileage tax.


42 posted on 03/31/2014 2:48:15 PM PDT by TurboZamboni (Marx smelled bad and lived with his parents .)
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To: Dave346

No one will make up for Iran’s budget shortfall indefinitely.

Not Russia nor any OPEC if oil is at $75/barrel.

China does not have a dog in this fight.


43 posted on 03/31/2014 3:34:18 PM PDT by Reaganez
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To: Dave346
Fair price should be no more than $50.

On what do you base that stunning statement? How have you determined what price several billion individuals are willing to pay for energy?

44 posted on 03/31/2014 4:25:19 PM PDT by BfloGuy ( Even the opponents of Socialism are dominated by socialist ideas.)
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To: AU72

I was told that fracking is cost effective down to $30/bbl.


45 posted on 03/31/2014 4:37:41 PM PDT by Rodamala
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To: BfloGuy; Dave346
Fair price should be no more than $50.

On what do you base that stunning statement? How have you determined what price...

I'd be more interested in knowing why he and so many other "planned economy" types are posting their nonsense on a conservative forum.

46 posted on 03/31/2014 5:40:17 PM PDT by expat_panama (Arguing with those who have renounced reason is like giving medicine to the dead. --Thomas Paine)
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To: thackney

We’ll get 75 dollar a barrel oil when the highest bid is 75.


47 posted on 04/01/2014 5:06:35 AM PDT by Dusty Road
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To: Dave346

Please explain how it is rigged.


48 posted on 04/01/2014 5:07:44 AM PDT by Dusty Road
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To: Rodamala

I was told that fracking is cost effective down to $30/bbl.

- - - - - - -

There is no set number. As prices drop, more oil plays become less economic to produce. They farther the price drops, the more oil fields become money losers.


49 posted on 04/01/2014 5:10:15 AM PDT by thackney (life is fragile, handle with prayer)
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To: AU72

It’s always been cost effective, it’s a necessary part of the process and has been since before I was born, that was 64 years ago.


50 posted on 04/01/2014 5:11:40 AM PDT by Dusty Road
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To: 9422WMR

The price of oil is influenced by it’s need and who needs it most will pay the highest price.


51 posted on 04/01/2014 5:23:21 AM PDT by Dusty Road
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To: Rodamala

“I was told that fracking is cost effective down to $30/bbl.”

We were fracing when oil was 10 dollars a barrel in 98, nobody drills without fracing.


52 posted on 04/01/2014 5:32:05 AM PDT by Dusty Road
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To: 9422WMR

So how much do YOU think it should cost? I think for all the work that goes into creating a gallon of gasoline, $3.38 is a fair price.


53 posted on 04/01/2014 7:39:10 AM PDT by bigdaddy45
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To: luvbach1

So how much do you think it should cost?


54 posted on 04/01/2014 8:05:46 AM PDT by bigdaddy45
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To: bigdaddy45

Take out the federal tax of .20 and reduce the state tax to .10 and we are getting closer.
Nah, still too expensive.


55 posted on 04/01/2014 8:11:18 AM PDT by 9422WMR (: " Tolerance is the virtue of a man who has no convictions".)
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To: bigdaddy45

I’m having a hard time compiling a short list of bad things that I hope happen to you.


56 posted on 04/01/2014 8:17:23 AM PDT by Orangedog (An optimist is someone who tells you to 'cheer up' when things are going his way)
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To: Orangedog

Please explain. A reasonable price for oil ensures a robust American oil industry. If oil went to $30 a barrel, just how much do you think we’d be pumping out of North Dakota? Here’s a hint — not much.


57 posted on 04/01/2014 10:12:16 AM PDT by bigdaddy45
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To: bigdaddy45
So how much do you think it should cost?

With oil being still plentiful if companies were free to go after it (absent the Obamanation being beholden to the environmentalist wackos) offshore, from Canada, through fracking, and by means I don't even know about, it could be $2.00/gallon and still include tax.

58 posted on 04/01/2014 10:23:39 AM PDT by luvbach1 (We are finished)
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To: bigdaddy45

Why should I care about North Dakota? If they can’t turn a profit on low net energy oil in an economy with affordable energy, that’s their problem. I’m not obligated to be their profit margin.


59 posted on 04/01/2014 10:35:22 AM PDT by Orangedog (An optimist is someone who tells you to 'cheer up' when things are going his way)
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To: Orangedog

You really don’t know much, do you. “Why should I care about domestic oil production?” Because, if the price of oil goes down too far to not make domestic oil production viable, then we are beholden to the Saudi’s and the cheap oil they can pump. You good with that?


60 posted on 04/01/2014 12:34:17 PM PDT by bigdaddy45
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