[thackney]

There should be some good bargains in the energy sector though. I might need to think about getting in soon.

Ping

[HMS Surprise]

Even at $50 a barrel, if you have a well that is producing 1,000 barrels a day... X365. Hello?

[Obadiah]

In OPEC countries, Mayor explained, it’s not about how much it costs to get the oil out of the ground, or how much they can sell it for, or even what their subsequent profit margin is, Mayor said. For OPEC countries, it is all about something entirely different.

“Their real break-even costs are the commitments that some of the less economically robust (OPEC) players have made to their populations for social services that their government funds largely through oil exports and hydrocarbon sales. Those estimates are in the $100-130/bbl range for many of those countries.

So, it really isn't about cost, or profit for that matter. It's all about manipulating the price to keep the domestic population comfy. So, in reality, the price of oil is manipulated and it is not really a function of supply and demand as many contend.

[familyop]

Enterprise Halts Plan for Bakken Oil Pipeline as Prices Collapse
http://www.bloomberg.com/news/2014-12-12/enterprise-halts-plan-for-bakken-oil-pipeline-as-prices-collapse.html
[Bloomberg title and link only. No content from Bloomberg allowed on FR.]

[American Constitutionalist]

Thackney ? What we will be seeing of the oil and gas industry is that it will get lean and mean.
More stable companies financially will gobble up the smaller and bankrupt one with oil free fall fire sales and build from there something good when the price of oil goes back up, rodger that ?
Thackney ? Can pulverized recycled glass ground into small grains be used instead of mined sand ?
I know they use tons and tons of sand and it isn’t cheap, however can pulverized CHEAP recycled glass be used tossupplement and be used with sand to cut cost ?
The glass could be pulverized at working stations in conjunction with using energy from the natural gas flares.
The companies would save money from instead of flaring the natural gas to pulverize the glass and save money from the regulations imposed on then from flaring.
Also cost could ? Be cut from not having to mine the sand that is used for fracking, instead use pulverized Free Cheap recycled glass.
Many towns, counties, state have glass recycling programs.
Furthermore, costs could be cut using pulverised recycled glass bbecause of less shipping cost because the recycled glass would be almost in the frackers back yard, so to speak.
The environmentalist would be happy ( are they really ever happy ? ) because the recycled glass is just as inate as the sand is, and the recycled glass would not be going into landfills.
The glass could be ? Ground up into smaller particles than the sand ? And would smaller grains of crushed up glass work better for fracking than sand particles ?
I don’t know if glass would be a cheaper alternative than mined sand and then shipping the sand, or crushed up glass could be used to supplement the sand to reduce costs.
It’s worth a thought............ EUREKA man.

[Praxeologue]

If the cause of the crude price decline is supply and demand, then it is longer-term. If it is the Saudis fighting Iran, Russia and U.S. shale producers and punishing OPEC members who exceed production quotas, then it will be six months.

What do you think?