Reply With Quote
Most of the people I talk to in the industry are not worried about the Eagle Ford as much as the Permian.
An oilco exec testified in Congress that about 30% of the oil price was due to speculators who never take delivery.
Most of the people I talk to in the industry are not worried about the Eagle Ford as much as the Permian.
No. And quite frankly, you calling people acolytes as you use google, GOP mailers, and confirmation bias is hilarious.
He's more right on more issues that you will ever be
cheap oil peak is well past
that's why BigOil runs with the Red Queen fracking (expensive, highly leveraged)
that's why BigOil is trying to drill in the Arctic, and at 20K+ feet down in the ocean (super expensive, super risky)
Last edited by boutons_deux; 12-09-2014 at 12:54 PM.
i dont care whats going on. as long as gas is cheap, im happy. and i dont care if that makes me a simpleton
Liking cheap gas doesn't make you a simpleton, tbh, it makes you a Big-Oil rabble rouser apologist that likes to get raped by the Big Corps while Lassie no longer has a park to defecate into.
I saaaaaaiiiiddddd....
pocket change, but anyway
BP sees $1 billion in restructuring charges as oil falls
http://fuelfix.com/blog/2014/12/10/b...-as-oil-falls/
bigger is that SCOTUS said BP has to pay many $Bs more for ing up the still- ed-up Gulf
WTI $58.50
Damn. How low can it go?
Gonna be a lot of jacked up pickups repossessed in Texas next year.
If the Saudis are truly trying to crush the fracking industry, I think it will take more time (though not much lower of a price).
Naturally it is complicated with individual contracts between oilcos and landowners as far as how long they have to drill before drilling rights run out, but those drilling rigs are mobile and can be parked any time it is no longer feasible to drill. The market can make a 180 degree turn in a matter of weeks as wells get completed and new ones postponed and high paid oil field hands get laid off by the thousands. Naturally Bouton's celebrates all these nasty oil field folks losing their jobs.
jobs in wind and solar more reliable, less risky than oil field work. And there are more of them in more states.
$58 dollar oil means fewer wind and solar jobs, dumbass.
dumbass, BigCarbon killing wind PTC is more dramatic, BigCarbon killing Federal tax write-off for distributed solar is more dramatic.
Hey dumbass. Wind and Solar needed subsidies at $100 oil to be viable. How many subsidies do you thing they need now?
And don't forget I am a solar consumer because the cost plus subsidies made economic sense to me.
With carbon energy half off, subsidies need to double to get the same feasibility.
then do it, and raise the tax (carbon tax) on gas/diesel to finance road/bridge maintenance and reduce carbon fuel consumption.
I just saw a post by Steve Brown that a 6kw system is now only 8k with subsidies. I need a new roof first, but I really want to do this.
People from NJ are not supposed to be funny?
I wanna big ole wind turbine.
The neighbors don't want me to have one.
Just to play with. Got to much shade for solar.
There are currently 1 users browsing this thread. (0 members and 1 guests)
Posting Permissions
