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re: Crude watch: What's going on?
Posted on 10/14/14 at 11:33 am to LSURussian
Posted on 10/14/14 at 11:33 am to LSURussian
LINK
Pretty good article.
From the looks of everything I have been reading it appears the lower oil prices are here to stay for the near future baring some major event. Depending on what happens we may see a game of chicken between the Opec countries and our domestic producers. To top it off I was reading a report where there are internal struggles within OPEC over market share and talks of a price war within the group for some countries who have been offline, Libya, Iran, a couple others, to try and regain some of it back.
Everything I have read says that as long as it stays above $80 everything here, shale plays & DW, should stay economical and up and running. Hopefully that stays true, be my luck it flattens out right as I a getting in.
Pretty good article.
From the looks of everything I have been reading it appears the lower oil prices are here to stay for the near future baring some major event. Depending on what happens we may see a game of chicken between the Opec countries and our domestic producers. To top it off I was reading a report where there are internal struggles within OPEC over market share and talks of a price war within the group for some countries who have been offline, Libya, Iran, a couple others, to try and regain some of it back.
Everything I have read says that as long as it stays above $80 everything here, shale plays & DW, should stay economical and up and running. Hopefully that stays true, be my luck it flattens out right as I a getting in.
1
Posted on 10/14/14 at 11:52 am to GREENHEAD22
Yeah.. I've heard 80 being the price point also. At least you got in.. Just hope if prices lower they don't pull back your job offer.
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