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To: thackney; All
One geologist in the Permian Basin I talked to about a year and a half ago told me there is at least 17 years left to this boom, given the current technology. Also, others I have spoken to have stated that fracking is cost effective so long as the WTI price is above $30/bbl.

I see constant nailbiting from people involved in crude and sand transportation by rail and it's constantly over the "spread"... there is a lot of money to be made and capital needs to be spent to efficiently bring crude to market.

Anyways an article saying that towns are bracing for some imminent bust, is just a bunch of fear mongering... sure, it will happen (bust), but rapture can come at any time... let's, in the meanwhile, make some coin.

14 posted on 10/16/2013 6:28:49 AM PDT by Rodamala
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To: Rodamala

Mansions should be built with old folks in mind for bust. They can maintain the places in retirement until the boom hopefully returns.


15 posted on 10/16/2013 6:32:06 AM PDT by DIRTYSECRET (urope. Why do they put up with this.)
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