Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Seriously?!?
Sure. Now look at production of each company vs. profits. The numbers don't work. It's $10.00 a barrel.
Big Oil hits the brakes on shale spending
By Matt Egan @mattmegan5 December 8, 2014
With oil prices in free fall, the fear is that hunting for new shale in the U.S. may just not be that profitable.
ConocoPhillips (COP) became the first major U.S. oil company on Monday to reveal that it is slashing spending for 2015. There are expectations that more energy companies will follow.
Big Oil hits the brakes on shale spending - Dec. 8 2014
oh, PS...
...see, I told you so.
You think you are the first person to figure out oil companies work for profit?
If you think oil is finite then you are complteely clueless.
We have been told we are running out of oil almost since the day oil was discovered.
He is clueless. Just a waste of bandwidth.
The GOP was powerless following 2008's election so logically everything now must be the other guys' fault.
obama brought back the ban for off shore drilling. obama closed a large portion of the waters around the US to drilling He closed off drilling in portions of Alaska. He's not going to allow the keystone pipeline
I'm surprised you were able yo pull your head from obama's ass to make an attempt to refute what I said.
If you think oil is finite then you are complteely clueless.No, oil is not a finite resource.
So then you don't know what you're talking about.
We have been told we are running out of oil almost since the day oil was discovered.
[
That's naive.
Production costs vary in harvesting oil like they vary in the harvest of any resource. And yes, profit is a necessary part of those costs.
Profits aren't evil. Using them to buy tax breaks because the law allows it are.
Supply
and
Demand
What is $10/bbl?[
That's naive.
Production costs vary in harvesting oil like they vary in the harvest of any resource. And yes, profit is a necessary part of those costs.
Profits aren't evil. Using them to buy tax breaks because the law allows it are.
It's $10.00/bbl.
ISIS hardly controls "massive quantities of oil" let alone the ability to "dump" it on the market.
And yes, I believe that exploration drilling and production will drop significantly if prices remain depressed.
Of most concern to me is when we get to the point where the oil that we do import costs less than those countries' production costs. This is against the law. Clinton allowed it, and I have no doubts that He-Who-Shall-Not-Be named will also allow it.
Isis is dumping massive quantities of oil on the market, while OPEC is simultaneously pumping oil into the market. All designed to cripple US domestic exploration.
Fracking is an expensive process, which requires something like $80/brl to cover their dead costs.
Eventually this will be discovered as being part and parcel of the whole Benghazi deal... and why it was essential to murder Stevens and develop the pretense of the ass-hat Youtube video.
Isis is dumping massive quantities of oil on the market, while OPEC is simultaneously pumping oil into the market. All designed to cripple US domestic exploration.
Fracking is an expensive process, which requires something like $80/brl to cover their dead costs.
Eventually this will be discovered as being part and parcel of the whole Benghazi deal... and why it was essential to murder Stevens and develop the pretense of the ass-hat Youtube video.
Supply
and
Demand
Monopoly.
ISIS hardly controls "massive quantities of oil" let alone the ability to "dump" it on the market.
And yes, I believe that exploration drilling and production will drop significantly if prices remain depressed.
Of most concern to me is when we get to the point where the oil that we do import costs less than those countries' production costs. This is against the law. Clinton allowed it, and I have no doubts that He-Who-Shall-Not-Be named will also allow it.
Isis controls the bulk of oil production in Iraq. You may prefer to not consider that 'massive'... but I would lead you to the price of oil and point out that sufficient volumes to cause such a drop in the international markets would be something reasonably close to 'massive'.
