Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: familyop
The companies with the highest costs and most debt in OPEC and the U.S. will shut down, while those with lower costs and less debt will continue.

IOW, the U.S.
As I understand, when the price drops below $60/bl, the US companies can't make money.

My granddaughter in heavily involved with the Bakken oilfield so I'm watching developments closely.

28 posted on 01/14/2015 4:11:11 AM PST by Vinnie
[ Post Reply | Private Reply | To 16 | View Replies ]


To: Vinnie

Hi, Vinny. Some of the bigger outfits in the Bakken will survive oil prices lower than that, but some of the smaller ones, not as easily. WTI crude is going back up now, for the time being ($48.49 a barrel after a quick look at the time of this comment).


32 posted on 01/14/2015 1:50:25 PM PST by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
[ Post Reply | Private Reply | To 28 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson