[thackney]

I tell anyone that will listen that we are in the biggest oil boom in the history of the world and prices should start reflecting that, dramatically.

I’m asking your honest opinion: Am I full of sh**?

In my opinion, the first is an overstatement, but a boom is starting non-the-less.

The second is false. What you are missing is that the fields like Eagle Ford, Bakken, Wolford and the other tight formations like shale are recoverable today because of the high price of oil. It if falls dramatically, so will the drilling and then production rates.

[cuban leaf]

I had heard a long time back that for fracking to be worthwhile, oil would have to be priced at more than $30 a barrel. Did that figure increase?