To: blam
It will go down until it goes up, as it always has. What will collapse are wind and solar powered projects because there is no way they can compete with $40 oil.
6 posted on
12/10/2014 5:14:05 AM PST by
txrefugee
To: txrefugee
And with the collapse of wind and solar, hopefully the collapse of the ‘greens’. Hey, I can dream, can’t I?
9 posted on
12/10/2014 5:17:34 AM PST by
tgusa
(gun control: deep breath, sight alignment, squeeze the trigger .......)
To: txrefugee
Good point. Everyone talks about whether the independent drillers will survive but some of these alternative energy suppliers are on shaky ground with this downturn also.
10 posted on
12/10/2014 5:17:53 AM PST by
Lurkina.n.Learnin
(It's a shame nobama truly doesn't care about any of this. Our country, our future, he doesn't care)
To: txrefugee
What will collapse are wind and solar powered projects because there is no way they can compete with $40 oil. They really are separate markets as we use so very little oil for electrical power production. Much of what is listed as generated by oil is actually refinery "leftovers" like petroleum coke and residual oil.
12 posted on
12/10/2014 5:20:15 AM PST by
thackney
(life is fragile, handle with prayer.)
To: txrefugee
"It will go down until it goes up, as it always has." Indeed. I will also note that in past downturn panics the market has acted like the price of oil was going to zero.
It never has.
18 posted on
12/10/2014 5:50:28 AM PST by
Proud_texan
(Straddling the line between ambition and stupidity)
To: txrefugee
What will collapse are wind and solar powered projects because there is no way they can compete with $40 oil.Neither can shale oil or Keystone XL.
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