Posted on 10/27/2014 7:49:15 AM PDT by SeekAndFind
Drill Baby Drill....
“CRUDE OIL BREAKS $80: GOING DOWN!”
It’s a Big Oil conspiracy! They’re colluding to lower prices!
Drill here, drill NOW!
I thank God he blessed us with shale oil and the means of getting it out of the ground at just the right time. Can you imagine how much worse 0bama’s damage would have been without it?
They REALLY hate big oil now...
Diesel is down to $3.22/gal around here. It needs to go down about another $1.
When did premium get to $.50 over regular gas ?
????
It dropped below $80 on 10/15.
http://online.wsj.com/mdc/public/page/2_3028.html?category=Energy&subcategory=Petroleum
It cost money to drill.
Small operators don’t have the money to fund the drilling of wells they need the money of investors.
When the price gets too low investors aren’t going to be putting their money in drilling since they may never get their money back.
The price is being manipulated to stop drilling here in the US.
Enjoy it while you can. Prices will be going back up after the “election”.
While I can understand buying oil to $80 a barrel, I have to ask, who is actually selling it for that price? If I owned a well, I’d shut it off.
Yep, I have some 55 gal barrels all ready to load up with diesel should it get down around what you’re saying.
“* We have greater confidence in the scale and sustainability of US shale oil production. “
But at what price does shale become unprofitable?
It has kept us from a full-on collapse. So far.
Sometime in late 90’s methinks. I really cannot say.
Despite the best efforts of the greenie whacko’s, Democrats, Obama and the neo-Marxists, the oil industry is dragging America, kicking and screaming, to energy independence. Remember when Jimmie Carter said we needed to break free of Middle East oil interests? Why isn’t he cheer leading this huge accomplishment?
May not be too far from the truth. Details perhaps dynamic, but could truly be a geo-political explanation.
My opinion...effort to collapse the Russian economy.
Yup.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.