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To: Signalman

A few of the OPEC producers can profit with a very low price, as can a few of the frackers and other producers. The WTI price is now hardly over $59 a barrel. Few can profit with that. Most won’t even break even, if prices stay that low. And prices might go lower than that for some time. We’ll watch the show, as most players continue their bluffs and calls.


2 posted on 12/11/2014 6:58:44 PM PST by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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To: familyop
A few of the OPEC producers can profit with a very low price, as can a few of the frackers and other producers.

They've been raking it in big time for quite awhile - should have enough reserves to stay very solvent for a few decades...

8 posted on 12/12/2014 4:21:40 AM PST by trebb (Where in the the hell has my country gone?)
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