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Started By
Message
re: 2nd USA oil wave will bankrupt OPEC (SIAP)
Posted on 7/9/15 at 2:30 pm to AUCE05
Posted on 7/9/15 at 2:30 pm to AUCE05
quote:
Why am I still paying $3 per gal? (ETMLIA5)
Where are you at? I paid ~$4.50/gal last time I filled up here in St. Maarten and that is with the EU cap and trade (
anyone who is dumb enough to not see that has nothing to do with reducing CO2 and the only purpose of cap and trade is wealth redistubution into the pockets of corrupt socialist politicans) fees and shipping costs added in. It was ~$7.50 - $8.00 last september before the price collapse. 
1
Posted on 7/9/15 at 2:32 pm to Thib-a-doe Tiger
quote:
Good, their plan is backfiring
Less money for them to give to terrorists.
Posted on 7/9/15 at 2:41 pm to TigersOfGeauxld
quote:
Less money for them to give to terrorists.
Exactly. Russia is funding the Ukrainian situation, Saudi Arabia is funding ISIS, and Iran is funding all kinds of terrorist. They can all go bankrupt for all I care. I just hope Louisiana under Vitter is smart enough to redo our budget to reflect new oil prices.
Posted on 7/9/15 at 2:54 pm to ShaneTheLegLechler
quote:
There's still a pretty big backlog on completions around the US from what I know (I'm not an engineer) so I would be interested to know how many domestic producers are truly comfortable producing at $32 oil like the article says
Still a lot of activity offshore. Operators are taking advantage of discounted contracts and poking some holes in the ground. They'll turn on the taps when the price is right though.
Posted on 7/9/15 at 3:18 pm to WeeWee
quote:
. “break-even” cost necessary to sustain domestic oil production is now around $32 per barrel
not here in the TMS
Posted on 7/9/15 at 3:27 pm to WeeWee
quote:
OPEC countries (ie. Russia )
FAIL
Posted on 7/9/15 at 3:38 pm to WeeWee
quote:
Can someone explain what all this means as if I am a 12 year old?
basically it means that capitalism works and the socialists running our govt are full of shyt..
Posted on 7/9/15 at 3:40 pm to WeeWee
I read an article recently that they've developed a waterless fracking methold, which will open up Saudi and other middle eastern areas to fracking.
Posted on 7/9/15 at 3:41 pm to WeeWee
quote:
t has nothing to do with reducing CO2 and the only purpose of cap and trade is wealth redistubution into the pockets of corrupt socialist politicans) f
states like Jorja for example are using this oppurtunity of somewhat consistently available supply to raise state gas taxes..
never let a NON-crisis go to waste when you can use it to raise taxes..
Posted on 7/9/15 at 3:57 pm to WeeWee
It has "crisis" in the wording so even if prices are falling, pump prices will rise.
Posted on 7/9/15 at 4:10 pm to undrafted
quote:
I hate when people try to just name a break even price. It varies so greatly depending on so many things like geographic region, geologic formation, drilling methods, company structure, etc.
Not to mention logistics of actually bringing in the rig, getting manpower to site, housing them etc etc etc.
Posted on 7/9/15 at 4:11 pm to WeeWee
I thought that Emma Russell gave the Russians cold fusion as an energy source. This shouldn't even be an issue to them anymore.
Posted on 7/9/15 at 4:42 pm to WeeWee
Good.
frick OPEC.
frick OPEC.
Posted on 7/9/15 at 7:47 pm to WeeWee
Even if producers are more efficient and the break even point is $32/barrel things are still in bad shape. The rig count in the Permian is down 50-60% since January excel and pdf data, that is a lot of lost jobs. And most of the contractors on the drilling and services end have taken reduced contracts so pay has been reduced for all of their employees. The oil field service company yards are full of hundreds of water trucks/tanks sitting there collecting dust.
It looks like the rig count in LA has only dropped 25% since January, I guess you guys are faring better than most.
It looks like the rig count in LA has only dropped 25% since January, I guess you guys are faring better than most.
This post was edited on 7/9/15 at 7:49 pm
Posted on 7/9/15 at 7:57 pm to AZTarheeel
so the putin admirers on here will have what to say about his reaction? ...
Posted on 7/9/15 at 8:10 pm to StringedInstruments
quote:
Serious question -
If oil is that important to countries like Russia and Iran (among others) and the US is making moves to pretty much strip away their economy, would they be likely to attempt to launch an offensive against the US to recoop their business?
You're basically looking at the plot to Red Storm Rising there.
Not to say the Russians have the balls to do it, though.
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