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| Member |
http://money.cnn.com/2017/05/1...-s-supply/index.html We've got those one trick pony terrorist supporting idiots by the throat. Don't let go. | ||
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The Unmanned Writer |
Competition breeds innovations in efficiency. Life moves pretty fast. If you don't stop and look around once in a while, you could miss it. "If dogs don't go to Heaven, I want to go where they go" Will Rogers | |||
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| Member |
I love capitalism. | |||
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| 10mm is The Boom of Doom  |
If US producers complied, it would be criminal anti-competitive behavior. The DoJ frowns on price rigging. The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People again must learn to work, instead of living on public assistance. ~ Cicero 55 BC The Dhimocrats love America like ticks love a hound. | |||
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| Member |
Some the oil rich nations (most revenue comes from oil and gas) are unwilling to cut production because they need the revenue, but they're own short term thinking continues to drive down prices (and revenues!). Cut production baby! While the US is a big player, we aren't dependent upon oil and we aren't nearly as big as the other oil-dependent nations. Waa haaa. P229 | |||
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Member |
Only when its done without the government getting a cut and having a say. Our own tatortodd is the man I want to hear input from on this topic... ----------------------------- Guns are awesome because they shoot solid lead freedom. Every man should have several guns. And several dogs, because a man with a cat is a woman. Kurt Schlichter | |||
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| Gracie Allen is my personal savior! |
Hmmm, "please don't pump so much oil, please don't pump so much oil....." Weren't these the douchebags that ramped up their own production a few years ago to force oil prices down in order to shut down US petroleum producers and US frackers in particular? Hmmmm. | |||
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| Member |
Those would be the ones. | |||
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Member |
Always nice to see capitalism working in its purest form. Instead of killing our producers, the competition forced them to become more efficient, and now they can compete at much lower prices. "The people hate the lizards and the lizards rule the people." "Odd," said Arthur, "I thought you said it was a democracy." "I did," said Ford, "it is." "So," said Arthur, hoping he wasn't sounding ridiculously obtuse, "why don't the people get rid of the lizards?" "It honestly doesn't occur to them. They've all got the vote, so they all pretty much assume that the government they've voted in more or less approximates the government they want." "You mean they actually vote for the lizards." "Oh yes," said Ford with a shrug, "of course." "But," said Arthur, going for the big one again, "why?" "Because if they didn't vote for a lizard, then the wrong lizard might get in." | |||
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| Just because you can, doesn't mean you should |
The last several decades they were rolling in the dough and could have diversified their economies and educated their people so a downturn in oil prices wouldn't have tanked their economies. Instead they financed our enemies all over the world, and the ones at the top of the economic food chain acted like the gluttons they are. All the while the common folks there lived in poverty, helping to create the terrorist problem we have now. Now we have them by the balls, for a while. Russia, Venezuela, and the middle eastern producers are having their power threatened so no wonder they want prices up. Drill baby, drill. Bring them to their knees and lower if at all possible. ___________________________ Avoid buying ChiCom/CCP products whenever possible. | |||
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| Gracie Allen is my personal savior! |
Well, ya gotta give the Saudis that (whether it was intentional or not) - when they flooded the market, they hosed Russia even worse than they hosed us. | |||
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| Big Stack |
That was an attempt by the Saudis to punish the other producers and get them in line. It may have worked to some extent, except of course, with us.
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| Member |
Read somewhere that between offshore and fracking, the US has more oil than the Saudis (though not all of it can be extracted at $40-60/bl) and also some rumor that the Saudis are pumping like 35-40% seawater these days. I think Saudis' cost is really low though - like $10-17 a barrel? | |||
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| That rug really tied the room together.  |
Drill baby drill! That article brought a smile to my face. ______________________________________________________ Often times a very small man can cast a very large shadow | |||
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Member |
Hell...if they invented a car that runs on sea water, I'd never move from here  Regards, Will G. | |||
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Member |
I don't think President Trump will be bowing to these basturds any time soon! | |||
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| Page late and a dollar short |
I still remember 1973. Screw them. -------------------------------------—————— ————————--Ignorance is a powerful tool if applied at the right time, even, usually, surpassing knowledge(E.J.Potter, A.K.A. The Michigan Madman) | |||
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Dies Irae |
Probably they are injecting salt water to lift the oil. This is pretty certain the field is in decline. Tatortodd could elaborate, if he sees this. | |||
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Corgis Rock |
Amen! “ The work of destruction is quick, easy and exhilarating; the work of creation is slow, laborious and dull. | |||
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| Member |
Their fields are declining and that's not alarming. That's still a low water cut and low lift costs. In Long Beach, water cut is upwards of 98% and lift costs is $25+ per barrel. P229 | |||
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