Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
Jun-1973 6964
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Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
ROCKMAN wrote:Pops - Good point. Same difficult theoretical to predict: yields from Canadian oil is very different than from the Eagle Ford which is why so much EFS production is being hauled to eastern Canadian refineries. Easier on my mind to just wait and see then try to work through all the dynamics now.
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
ROCKMAN wrote:T - Since I've never been a fan of the "cliff" hypothesis so I don’t see production having a big impact either way anytime soon. OTOH there always that nasty booger hiding in the bushes that could crush oil prices to some degree: significant economic down turn. Of course the supply dynamic is much different now than in 1986 so the collapse in oil price might not last nearly as long. We saw a hint of that with the rebound of prices after the collapse in early ’09. Oil sunk below $40/bbl. But not for long and look where we are today, just 5 years latter, based upon your numbers. Takes two to tango on the oil price dance floor: supply and DEMAND.
Subjectivist wrote:
Some recent lecturer I saw recently, maybe Kopits, had a graph showing that when the price dipped last quarter of 2013 demand went up by 2,000,000/bbl/day. That might imply that a price drop would add so many potential customers even with a slower economy that prices won't fall very far. The drop in 2009 was very steep but very short.
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