To: USNBandit
what if cheap oil prices make fracking unprofitable. The oil business is cyclical. Exploration will continue in the most promising areas.
When (not if) prices rebound, exploration will pick up.
The market at work...it's a beautiful thing.
44 posted on
01/09/2015 3:33:18 PM PST by
gogeo
(If you are Tea Party, the Republican Party does not want you.)
To: gogeo
If we look really long, all of this oil will eventually come out of the ground. My question is what the Saudis intentions are. Who are they trying to hurt? This won’t hurt America? It will hurt some oil workers and the boom towns. If they are trying to hurt Russia or Iran, that would make more sense.
46 posted on
01/09/2015 4:46:55 PM PST by
USNBandit
(sarcasm engaged at all times)
To: gogeo
I was surprised to read in this article that Alberta oil shale is cheaper than US oil shale to pull,out of the ground. I thought location would make US costs of extraction cheaper.
Anybody know what the difference is?
47 posted on
01/09/2015 5:15:13 PM PST by
USNBandit
(sarcasm engaged at all times)
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