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Nov 25, 2014
12:56
:17
pm
lawboy
Probably limits new ventures for a while
Does nothing to stop ongoing, but with higher costs to harvest will limit new starts.
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lawboy
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LawPunk
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Turnpike Lane
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lawboy
Joined
Dec 14, 2004
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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"
Don't Muff It
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
Texas Hammer
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
Texas Hammer
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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