OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Florida

Posted by Portugeezer @ 11:35 on August 1, 2014  

“Because, the USA has become the world’s largest oil producer.  Gotta get prices down to where frackin is no longer profitable and all those places have to shut down and protect the environment.   Then, when they are all shut – the Saudi’s will get the price back up to $140.00 a barrel and make all the money.    WAG”

 

First reading I would agree, then I start thinking how is it that oil from oil wells at cost of production $1 a barrel, cost of fracking at $15 a barrel, cost of shale oil a $20 a barrel and the agro-oil at $30+ a barrel and yet they all sell at about $100 a barrel.

When the subsidies are taken into consideration, the Frackers are losing money relative to the drillers.

And as for the others, they should not be in business.

JMHO, Rich

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.