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The US Economy Runs Into A Problem If Oil Hits $75
BI- Zero Hedge ^
| 10-30-2014
| Tyler Durden
Posted on 10/30/2014 6:00:42 PM PDT by blam
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1
posted on
10/30/2014 6:00:43 PM PDT
by
blam
To: All
2
posted on
10/30/2014 6:02:17 PM PDT
by
musicman
(Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
To: Jet Jaguar
3
posted on
10/30/2014 6:04:23 PM PDT
by
blam
(Jeff Sessions For President)
To: blam
More pipelines would help reduce transportation costs improving wellhead prices.
4
posted on
10/30/2014 6:06:44 PM PDT
by
Paladin2
To: blam
It’s called a cycle. It’s a new-fangled thing.
5
posted on
10/30/2014 6:07:16 PM PDT
by
E. Pluribus Unum
(Any energy source that requires a subsidy is, by definition, "unsustainable.")
To: blam
We all better start using more oil.
6
posted on
10/30/2014 6:12:40 PM PDT
by
pallis
To: E. Pluribus Unum
Geeze. Is this guy full of poop or what.
7
posted on
10/30/2014 6:12:41 PM PDT
by
Fido969
(What's sad is most)
To: blam
Yawn. I say drop oil to $40-50 a barrel. The oil industry can do some leaning to compete while the rest of the American economy can recover from excessively high prices of the past few years.
8
posted on
10/30/2014 6:15:40 PM PDT
by
Reno89519
(For every illegal with a job, there's an American without one.)
To: pallis
Buy more pickup trucks & SUVs.
9
posted on
10/30/2014 6:16:02 PM PDT
by
smokingfrog
( sleep with one eye open (<o> ---)
To: Fido969
It’s called the laws of economics. They’re immutable. Get used to it.
To: Fido969
The shale oil might bust but the rest of the economy would more forward and upwards.
Of course...cheap and plentiful energy has always been the downfall of nations, not socialist slime driving our culture into the ground.
12
posted on
10/30/2014 6:20:12 PM PDT
by
Caipirabob
(Communists... Socialists... Democrats...Traitors... Who can tell the difference?)
To: riverrunner
Plus the towelheads, Russia, and Venezuela suck bilgewater!
13
posted on
10/30/2014 6:20:38 PM PDT
by
nascarnation
(Toxic Baraq Syndrome: hopefully infecting a Dem candidate near you)
To: Fido969
>>>Geeze. Is this guy full of poop or what.
How so? Sounds logical to me. It costs a lot more to extract oil from shale than to just drill a hole. If the selling cost of a barrel drops below the production cost....then it makes sense there will be less drilling. Operating at a loss is not real good business sense.
To: pallis
BRING BACK THE MUSCLE CARS
15
posted on
10/30/2014 6:23:31 PM PDT
by
Brother Cracker
(You are more likely to find krugerrands in a Cracker Jack box than 22 ammo at Wal-Mart)
To: smokingfrog
Amazon will have a great Christmas.
16
posted on
10/30/2014 6:24:00 PM PDT
by
BenLurkin
(This is not a statement of fact. It is either opinion or satire; or both.)
To: blam
$75/bbl would start to significantly slow US shale growth (and thus employment, capex, and the entire US economy). For one thing, oil below $75 has been the norm even after adjusting for inflation. Another thing is that since there are more oil users than oil producers in the U.S., a return below $75 should be good for everyone. Of course, it'll be even better with Washington ending its war on business.
To: blam
To: blam
Every billion dollars not going to Saudi Arabia and Venezuela is another billion injected into the US economy.
19
posted on
10/30/2014 6:28:23 PM PDT
by
GeronL
(Vote for Conservatives not for Republicans)
To: blam
Bullcrap! Cheap energy is GOOD for the economy.
20
posted on
10/30/2014 6:31:29 PM PDT
by
BitWielder1
(Corporate Profits are better than Government Waste)
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