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Started By
Message
re: Oil Wars: Why OPEC Will Win
Posted on 12/15/14 at 2:30 pm to inelishaitrust
Posted on 12/15/14 at 2:30 pm to inelishaitrust
quote:
Shale oil is very expensive to produce and refine.
define expensive.
This post was edited on 12/15/14 at 2:31 pm
2
Posted on 12/15/14 at 2:42 pm to JayDeerTay84
quote:
define expensive.
Anywhere between $3M on the low end fields to $9M on the high end Bakken to drill a horizontal well. If you don't understand that shale oil/gas is tremendously expensive in the industry and requires a higher price of oil/ng, then you shouldn't be debating this with people who are obviously in the industry (which I am not).
This post was edited on 12/15/14 at 2:46 pm
Posted on 12/15/14 at 2:45 pm to JayDeerTay84
quote:
Shale oil is very expensive to produce and refine.
define expensive.
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