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To: thackney
Baaken and Eagle Ford have revolutionized the US oil industry.


19 posted on 10/06/2014 8:19:01 AM PDT by Wyatt's Torch
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To: Wyatt's Torch
Be aware that chart includes a lot of liquid stuff that isn't crude oil, including natural gas liquids, ethanol and biodiesel.

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20 posted on 10/06/2014 8:23:15 AM PDT by thackney (life is fragile, handle with prayer.)
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To: Wyatt's Torch
"Baaken and Eagle Ford have revolutionized the US oil industry."

Without doubt. However, is there a price per barrel floor where the shale play becomes not profitable and production stops or slows down? I read once the floor price needed to be around $95.00 per barrel due to the cost of tech involved.

21 posted on 10/06/2014 8:26:41 AM PDT by buckalfa (Long time caller --- first time listener.)
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To: Wyatt's Torch
Actually, I have no idea where the numbers on your chart came from. Even when we include all liquid fuels, your chart is about 2 MMBPD too high. Should be 12.4 MMBPD, not over 14.

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22 posted on 10/06/2014 8:27:42 AM PDT by thackney (life is fragile, handle with prayer.)
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