OPEC won't. They are making a power play.

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Nov 25, 2014
2:20:12pm

lawboy

OPEC won't. They are making a power play.

I think it stays at $70-80 for a while.

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lawboy

Previous username: LawPunk
New username: Turnpike Lane
Bio page: lawboy
Joined: Dec 14, 2004
Last login: Jan 6, 2015
Total posts: 0 (0 FO)

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Messages

Author

Time

Crude currently trading around $74/barrel. What does this

Rich Lather

11/25/14 12:50pm

RE: Crude currently trading around $74/barrel. What does this

supertux

11/25/14 12:51pm

I have read that shale oil is cost effective down to $60/bbl

Hinta

11/25/14 12:55pm

I've heard shale is still profitable even around $60/barrel. Anyone know?

Grit for Brains

11/25/14 12:55pm

"80% of the American shale sector...is profitable at prices between $40 and $80"

11/25/14 12:55pm

Maybe so, but I don't think you'll get to many new wells/operations at $40 per

Japan Coug

11/25/14 1:05pm

Probably limits new ventures for a while

lawboy

11/25/14 12:56pm

I suspect shale oil production is going to drop a lot.

Lance71

11/25/14 12:56pm

It means less profits for sure. And at some point, it doesn't make sense to

Japan Coug

11/25/14 1:02pm

Shale oil is not monolithic. There are lots of different plays that have very di

jbonita

11/25/14 1:02pm

nothing but global warming will cool the planet as a result of increased oil use

workinglate

11/25/14 1:05pm

The reality is you can't really make a blanket statement that the "shale plays"

ray ray

11/25/14 1:13pm

Idk, but if crude remains low for a bit, lots of people will be freakin out here

11/25/14 1:32pm

Agreed... And because of how the media has portrayed the O&G companies...

CATXCoug

11/25/14 1:37pm

I'm no pro on this subject. Why is cheap oil a bad thing for America?

Grit for Brains

11/25/14 2:26pm

On my cell so I can't give a long dissertation,

CATXCoug

11/25/14 2:39pm

I work in an industry that consumes a lot of oil, and definitely benefits from

Japan Coug

11/25/14 2:43pm

I don't think there is too much empirical evidence to indicate that oil below

Japan Coug

11/25/14 2:33pm

Quite a few other oil producing countries also need higher prices. I think we

Non-donor troll

11/25/14 2:06pm

OPEC won't. They are making a power play.

lawboy

11/25/14 2:20pm

^This

11/25/14 2:26pm

I think there's something of a natural "floor" in oil prices at around $70-$80,

Japan Coug

11/25/14 2:36pm

Can all of OPEC really afford to do that though? Russia needs it higher too.

Non-donor troll

11/25/14 2:51pm

Maybe more than people want, but there is a lot of interesting related content

ray ray

11/25/14 3:05pm

Saudi Arabia is the biggest power player in the game. And it appears they are

Lance71

11/25/14 3:17pm

And don't forget Iran!

Non-donor troll

11/25/14 3:19pm

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