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Started By
Message
Gas prices bottom?
Posted on 11/13/14 at 6:32 pm
Posted on 11/13/14 at 6:32 pm
How low can we expect them to go here in BR. I see some reports indicating another .50
Anyone?
Anyone?
8
Posted on 11/13/14 at 6:32 pm to foj1981
2.20ish
Posted on 11/13/14 at 6:34 pm to foj1981
Whats the main reason for this drop over the past month or so and how long should it last? I know it generally goes down during the cooler months but not this much.
Posted on 11/13/14 at 6:36 pm to bigberg2000
Price of oil brah. 
Posted on 11/13/14 at 6:37 pm to LSUzealot
I am aware but what is the main reason it has dipped so much.
Posted on 11/13/14 at 6:40 pm to bigberg2000
Over production.
Posted on 11/13/14 at 6:42 pm to bigberg2000
The reason given is production is at high especially in US and global demand is down, FWIW. Hope it's sustained for awhile and not just a short term blip. I do about 30k year. Would love a break
Posted on 11/13/14 at 6:45 pm to bigberg2000
Shale boom is flooding oil in the market. Saudis aren't pulling back because they think a lot of these shale projects will shut down with sustained price supressio.
Posted on 11/13/14 at 6:47 pm to southernelite
solid answers. 
Posted on 11/13/14 at 6:48 pm to southernelite
US has 1900 rigs across the US. The smaller companies without economies of scale will likely suffer but none of the big players will go away.
Posted on 11/13/14 at 6:48 pm to southernelite
the Keystone Pipeline doesn't even make economic sense if the price of a barrel of oil remains this low.
Posted on 11/13/14 at 6:50 pm to LSUzealot
quote:
none of the big players will go away.
Right. But fracking is a finicky business. The big guys have said they can be profitable at about $40. But a lot are starting to lose money at $80. The technology gap between companies is vast.
This post was edited on 11/13/14 at 6:51 pm
Posted on 11/13/14 at 6:51 pm to southernelite
quote:
Shale boom is flooding oil in the market
There it is...........
quote:
Saudis aren't pulling back because they think a lot of these shale projects will shut down with sustained price supressio.
And then we go back to $4 a gallon..........
Posted on 11/13/14 at 7:16 pm to foj1981
Hopefully it starts going back up soon
Posted on 11/13/14 at 7:26 pm to Dr RC
quote:
the Keystone Pipeline doesn't even make economic sense if the price of a barrel of oil remains this low.
Listening to too much bs. Most of the oil on the GOM shelf was drilled when oil was below $5 a barrel.
Posted on 11/13/14 at 7:31 pm to foj1981
I never thought I'd see gas under $2.80 in my lifetime again let alone $2.59. Why has it been so cheap? Hasn't been close to this since the Bush years.
Posted on 11/13/14 at 7:32 pm to southernelite
Not all shales are created equal
Posted on 11/13/14 at 7:45 pm to Dr RC
I have no O&G stock, so I'm loving cheap prices. I know a lot of people who hate it, but mainly because a lot of their investments are tied into O&G.
Posted on 11/13/14 at 8:07 pm to JabarkusRussell
quote:
$2.59
It was $2.40 at Sam's @ Siegen last Sunday 11/9 when I drove to NOLA.
Posted on 11/13/14 at 8:35 pm to Napoleon
quote:
I have no O&G stock, so I'm loving cheap prices. I know a lot of people who hate it, but mainly because a lot of their investments are tied into O&G.
If you live in south la you're tied to the oil and gas industry whether you realize it or not
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