To: Alas Babylon!
The thing is that unlike the
housing bubble, the most important companies in the petroleum business in the USA are all very well-capitalized multinationals and could grab all the small-time companies now doing
fracking if needed.
Besides, it would be in the national security interest to keep those new petroleum wells going, too. It would make us way less reliant on OPEC countries, and it also tremendously helps in the balance of trade, too.
14 posted on
12/14/2014 5:28:30 AM PST by
RayChuang88
(Ferguson: put your hands down and go to work!)
To: RayChuang88
Hard to tell what the price of crude will do.
some suggest that fracking costs are somewhere between $45 and $75 per barrel.If the Saudis really want to get rid of frackers, at least for a while,they need to get the price below $40. That could happen, hard to say.
Either way the Saudis make money. But, even with their low cost crude they fund all kinds of stuff that cost mega bucks. Like terrorism, madrassas,other terrorist nations,diversity from crude—buying building, gold, silver, etc. since new energies will happen. Its just a matter of time etc.
The kingdom always plays all sides. They are masters of triangulation. It's how they survive, but it's expensive.
19 posted on
12/14/2014 5:57:35 AM PST by
rodguy911
(FreeRepuplic:Land of the Free because of the Brave--Sarah Palin our secret weapon)
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