ralfy wrote:It's probably better to look at oil production costs instead of just prices.
ROCKMAN wrote:"...bringing on more supply, reversing declines..." Actually as of the summer of 2015, 20 months ago, US has less supply
and thus reversing increases in production rates.
Maybe some armchair "economists" should work on their basic arithmetic skills. LOL.
sparky wrote:.
I'm now looking at the mix of crudes being extracted ,
From the mining industry experience , one would think the sweet stuff would be the first to deplete
I'm trying to get some quantity numbers on the various grades and would appreciate any pointers
sparky wrote:.
the paper anticipate the great reversal of the indexes of 2011
when WTI was CHEAPER than Brent ,
this led to a very sharp drop in demand for the sour crude from Saudi Arabia ,
hence , presumably , their price war .
sparky wrote:.
after the Vienna agreement ,it would seems that Saudi Arabia has thrown the towel .
it will be interesting to watch the fracking rebound , how much and how soon
the first time around there was a lot of exuberance and punter money .
now the industry is mature ,
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.
Tanada wrote:How do you think things will play out now that we have traveled so much further down the road from where we met?
I've yet to see a new estimate of when peak oil will occur that includes these new shale oil resources
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