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Apr 27, 2017
6:15
:47
pm
WDaddy
All-American
I don't agree with that at all. Directional drilling and US shale production
from fracking is what brought oil/gas prices down. Supply is exceeding demand right now.
This message has been modified
Originally posted on Apr 27, 2017 at 6:15:47pm
Message modified by WDaddy on Apr 27, 2017 at 6:17:52pm
Message modified by WDaddy on Apr 27, 2017 at 6:19:00pm
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WDaddy
Previous username
WeddlesDaddy
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WDaddy
Joined
Jan 10, 2007
Last login
Jun 17, 2024
Total posts
66,935 (24,938 FO)
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Messages
Author
Time
Oil prices can't really go up...
BeyondTheMark
4/27/17 6:06pm
Maybe but not in our lifetime. Oil's relatively cheap. Clean tech can't compete.
WDaddy
4/27/17 6:08pm
Part of the reason oil/gas is cheap is precisely because its had to compete with
BeyondTheMark
4/27/17 6:12pm
I don't agree with that at all. Directional drilling and US shale production
WDaddy
4/27/17 6:15pm
Just isn't true- as the economy has rebounded the oil consumption hasn't
BeyondTheMark
4/27/17 6:25pm
The first paragraph agrees with me. From a demand perspective though, it talks
WDaddy
4/27/17 6:38pm
This is true...clean energy solar and wind have virtually no affect upon oil
Nat Gas Man
4/27/17 6:48pm
Same thing was said about coal 15 years ago. It's still the most cost effective
Lance71
4/27/17 6:09pm
Huh? I hope you're trolling, right?
BeyondTheMark
4/27/17 6:10pm
Yeah, natural gas has surpassed coal. That stuff is cheap.
WDaddy
4/27/17 6:11pm
I can sell Natural Gas to power plants cheaper than they can buy coal
Nat Gas Man
4/27/17 6:19pm
In my previous company, that's exactly what we saw. Our manufacturing operations
WDaddy
4/27/17 6:23pm
Eventually, this will be true. Eventually. Pretty sure we'll see oil a lot high
Incentivize
4/27/17 6:14pm
I agree, but not with your reasons
Mike Honcho
4/27/17 6:19pm
Solar still only provides about 1% of all energy produced.
Thrill
4/27/17 6:22pm
Of course considering all the power plants in place- but its ~40% of energy
BeyondTheMark
4/27/17 6:29pm
not energy...electricity...huge difference. For solar to really take off it will
Nat Gas Man
4/27/17 6:37pm
Expect oil to bounce between $45 and $65 for the foreseeable future.
BostonCougar
4/27/17 7:48pm
The issue with that price is that if you look at the capital budgets of all the
Nat Gas Man
4/27/17 8:05pm
True. With the Saudi's trying to take Aramco public, they need a medium price
BostonCougar
4/27/17 8:43pm
When people start saying that such and such will never rise again and this time
My Soapbox
4/27/17 11:49pm
Yes never say can't. Housing was always a can't ever go down and it didn't even
Nat Gas Man
4/27/17 11:58pm
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