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To: dhs12345; Ernest_at_the_Beach
Shell went up and drilled the arctic when oil was a $100/barrel. But after the price of oil collapsed in 2015 they abandoned that lease that they bought from Bush and made monthly lease payments on. It was after they abandoned that lease that Obama put the moratorium on it, but Trump removed it.

Don't look for anyone to go up there and drill unless the price of oil goes up to 100-150.

And if the price goes up to 100-150, you should buy Tesla stock.

13 posted on 04/18/2017 11:56:21 AM PDT by Ben Ficklin
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To: Ben Ficklin

It is at a break even point at $50.00 a barrel. Just a little nudge to $60 will get it rolling again.


15 posted on 04/18/2017 12:02:40 PM PDT by IC Ken
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