US shale oil supply shock shifts global power balance

BBC ^ | 14 May 2013 Last updated at 10:00 ET | STAFF

[thackney]

Venezuela’s Gas Prices Remain Low, but the Political Costs May Be Rising
http://www.nytimes.com/2007/10/30/world/americas/30venezuela.html?_r=0

Saudi Arabia Must Review Its Oil Subsidies, Former Adviser Says
http://www.bloomberg.com/news/2012-12-27/saudi-arabia-must-review-its-oil-subsidies-former-adviser-says.html

[CottShop]

[[we set our own prices there is your false assumption. The producers will not spend money in this country to sell at below market rates.]]

that is precisely my point- IF we go indepedent, we will NEVER sell oil below what it costs (which is why I was not sure how michelle backman coudl make that claim)

[thackney]

IF we go indepedent, we will NEVER sell oil below what it costs

In this we agree. I didn't get that from your statements above.

Cheers!

[pallis]

I hope this is just the tip of the iceberg, not only for America, but for the rest of the non Muslim, free world.

[Red Badger]

The power to tax is the power to destroy........John Marshall

[PATRIOT1876]

And the looney Gaia infected Al gore worshipping Earth-before-humans environazis want to stop it!

[DUMBGRUNT]

THANK YOU, THANK YOU!

Exactly what I was looking for and more!

[Wyatt's Torch]

Hedge fund guru David Tepper was on CNBC this morning and relayed a story about another hedge fund friend who was talking to the Chinese. The Chinese said, “America is so lucky with all this shale oil and gas.” The hedgie replied, “You know why? Because God blesses America you athiest.”

I LOL’d on that comment.

[abb]

Coffee shop chatter this morning reporting extensive drilling activity in Union Parish lately. Lots of oilfield types in the restaurants, Wal-Mart, etc.

Union Parish is north and east of us, and borders Arkansas. This is the “Brown Dense” formation that made the news a couple of years ago.

http://www.swn.com/operations/pages/browndense.aspx

[abb]

[thackney]

There was no drilling activity last week in Union Parish.

http://gis.bakerhughesdirect.com/RigCounts/default2.aspx

[abb]

Not last week, but fairly recently, according to SW Energy. Also several locations in Lincoln Parish about to get started, I am told.

[thackney]

GoHaynesvilleShale.com usually lists the week’s completions and permits.

They are taken from the Shreveport Times but gives other sources of “rumor and gossip” as well.

For Example:
http://www.gohaynesvilleshale.com/forum/topics/oil-gas-news-may-11-2013-shreveporttimes-com

It is good to here of continued interest in the area. I’m waiting for the James Lime to move forward into exploration in our area. There has been success in that both east and west of us.