Posted on 09/11/2015 2:18:13 PM PDT by brownwill6767
Dr. Daniel Fine, associate director of the New Mexico Center for Energy Policy, discusses the impact of falling oil prices on the domestic energy industry.
(Excerpt) Read more at youtu.be ...
Petro Ping.
After the international oil price war, it’s going to get very interesting with hundreds of millions of new drivers around the world. Numbers of new finds for cheap drilling declined years ago. The Saudis are punching more holes in existing plays, and shale plays have short life expectancies before getting too expensive. Oh, there will be plenty of oil. It will be high priced, though.
Some say oil prices might go down to $20 per barrel before going up, BTW.
Yes...Just as OPEC intended it would appear....it has been said who ever controls the oil controls everything else...
Winter’s coming...if it goes down further it won’t be for long...
They knew doing this would cut into the Shale producers...but I tend to think they knew it would be coming as well....they can wait it out as well...
Goldman: This may push oil to $20
http://www.cnbc.com/2015/09/11/goldman-this-may-push-oil-to-20.html
Today WTI crude closed down at $44.63.
That’s funny. I thought I heard you had to control the SPICE to control everything.
They knew doing this would cut into the Shale producers...but I tend to think they knew it would be coming as well....they can wait it out as well...
Saudi’s trying to stop US oil production
It’s all of OPEC....it wasn’t a problem until Obama said we’d be ‘exporting’ our Shale oil....Saudi and other ME oil producers had already expanded their base, beyond what we use, to other nations. It was the threat we’d be exporting oil.
It’s all of OPEC....it wasn’t a problem until Obama said we’d be ‘exporting’ our Shale oil....Saudi and other ME oil producers had already expanded their base, beyond what we use, to other nations. It was the threat we’d be exporting oil.
I agree
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