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To: upsdriver

No need to be afraid it will stop if prices fall to a certain level. After 40 years of being in the oil business I can assure you that it will stop almost dead in its tracks.


23 posted on 10/19/2014 7:33:31 PM PDT by Sequoyah101 (Obola brought to you by demorats. Hope you like your Change and live to tell it.)
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To: Sequoyah101

I guess you’re the person to ask..and I know nothing about oil. Why the panic over $87 oil, and why is production break even at $67 a barrel? ( think I read that just now) Wasn’t oil $60 a barrel six years ago and $25 a barrel ten years ago? Have production costs gone up that much?


47 posted on 10/20/2014 12:45:16 AM PDT by blueplum
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