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Message
re: Oil Wars: Why OPEC Will Win
Posted on 12/15/14 at 4:40 pm to JayDeerTay84
Posted on 12/15/14 at 4:40 pm to JayDeerTay84
quote:
The US doesn't depend on oil as much as Saudi. Saudi is 100% oil dependent.
Well no shite. It has been posted already. They have $1T in reserves while the US is $17T in the hole. Of course this won't bancrupt Exxon, Chevron, or any of the other huge well diversified companies but to pretend that they US oil/gas companies will be just fine at $50 oil is a joke.
quote:
At current price over 80% of production can still run and gun.
How in the hell can you know that? In the previously posted graph, at $80 most of our fields become less or not profitable to produce. We are below $60 now and still dropping if you haven't kept up.
This post was edited on 12/15/14 at 4:43 pm
1
Posted on 12/15/14 at 4:42 pm to stevengtiger
Lol ok how long will it be at $50 if it even gets there?
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