Replies

To: ryan71

At about $80. Drilling is coming to a screeching halt, with companies limping along to preseve leases.

46 posted on 10/27/2014 8:22:29 AM PDT by TheThirdRuffian (RINOS like Romney, McCain, Christie are sure losers. No more!)

To: TheThirdRuffian

It's around $50 according to Larry Kudlow, who said he got that information from a number of oil execs.

49 posted on 10/27/2014 8:29:42 AM PDT by Dave W

To: TheThirdRuffian

At about $80. Drilling is coming to a screeching halt,

Screeching halt at $80? We were adding rigs the last time we were at this price. And the Industry has gained efficiency since then.

Sure we will drill less at $80 than at $100; less dollars will be coming in. But the industry is not shutting down at that price.

55 posted on 10/27/2014 8:39:55 AM PDT by thackney (life is fragile, handle with prayer.)

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