[Hojczyk]

With a drill…drill president….maybe the Arabs go back to being camel jockeys

[hadaclueonce]

OPEC is not happy. They were out to bust the Frackers...They thought the Greens would help more.

[hal ogen]

To OPEC: Haha

[RockyTx]

this story is just made up.

KSA (and Gulf allies)
are at war with Iran(and Russia)

KSA will pump as hard as it can

[Mr Ramsbotham]

I thought that Haliburton had stolen all of Iraq’s oil.

[gov_bean_ counter]

What say you???

[gingerbread]

By the end of next year, I’m willing to bet that our oil will be the one fueling the rest of the world. I say this because I expect that most of these Muslim countries will be set aflame by ISIS or some other Muslim terrorist organization. Does any one here believe that ISIS or Al Qaeda or some other Muslim terrorist organization will stop in Syria or Iraq? Once ISIS has taken Syria and Iraq, they will be aiming for Saudi Arabia and Jordan. The only one that is willing and the intestinal fortitude to really fight them will be Israel. Whether we like it or not WW3 has begun.

[BeauBo]

The “Shale Band” of $45 to $65 a barrel for West Texas Intermediate is pretty much here to stay.

Whenever prices get much higher, improved American drilling technology can ramp up production much quicker than in the past.

Improvements in technology will even push down the breakeven price for a lot of deposits toward the lower end of the band.

There is strong competition outside of OPEC now (America) that pretty much takes away their historical power to keep prices much higher than the shale band on any sustained basis.

It is a new market for oil.