The house of cards has finally fallen.
THIS is exactly what the oil cartels have been trying to do for awhile now. Once they drive the U.S. domestic producers out of business, they’ll close off their “valve”....again.
On the flip side, we get some low-priced gas & diesel...at least for awhile till they “close their valve” again.
Not trying to be a thread nanny/HOA board member/Nazi hall monitor but there was a thread on this yesterday with some good discussion of the corporate rot at the top of Chesapeake.
http://www.freerepublic.com/focus/f-news/3860095/posts
If anyone wishes to make comments on that thread please don’t and do bring those comments to this thread.
You may now continue with your regularly scheduled programming.
Heard a report on FOX Business this morning that 1 year ago, the stock was selling for $400
Hard to survive huge debt load with declining prices. Been on the bubble for years now.
Ha ha....... I recall a few years back this was one of Cramer’s BOO-Yah BUY BUY BUY stocks!
There will be no peak oil. Cars are going electric faster than most imagine. Oil is not in an elastic market. A small drop in demand will shut down all but the cheapest wells.
Coal is also doomed.
Technology marches on.
There is an electric car and a solar roof in my not to distant future — it is an economic fact. And besides, electric cars are getting nuts in the performance area.