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Thread: Oil at $75 Means Patches of Texas Shale Turn Unprofitable

  1. #11
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    Re: Oil at $75 Means Patches of Texas Shale Turn Unprofitable

    Now you know why america is going back into the ME. There is no way more soldiers is going to improve stability. And so, more soldiers will die so somebody can make a profit in texas.
    Strangely enough these capitalists have no trouble sleeping at night. Maybe if they were forced to count their dividends in body bags...?
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    Re: Oil at $75 Means Patches of Texas Shale Turn Unprofitable

    Quote Originally Posted by RogueWarrior View Post
    Now you know why america is going back into the ME. There is no way more soldiers is going to improve stability. And so, more soldiers will die so somebody can make a profit in texas.
    Strangely enough these capitalists have no trouble sleeping at night. Maybe if they were forced to count their dividends in body bags...?
    Hate to interrupt your Michael Moore impression, but did you know that crude prices were in triple digits when we began our reengagement (bombing campaign and US personnel on the ground) in the Middle East?


    Spot Prices for Crude Oil and Petroleum Products

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    Re: Oil at $75 Means Patches of Texas Shale Turn Unprofitable

    Quote Originally Posted by Deuce View Post
    If only that Obama had allowed more drilling.

    You DO realize the VAST MAJORITY of all this shale exploration is being done on private property, right ?

    Wait, you weren't one of those people that were sucked in Obama's promises of opening up more Federal lands for Natural gas exploration were you ?

    Remember ? His promises je made in Colorado prior to his re-election ?

    Lol ! You were weren't you ?

    How embarrassing

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    Re: Oil at $75 Means Patches of Texas Shale Turn Unprofitable

    Quote Originally Posted by ocean515 View Post
    Of course it's a dream solution. The cost of crude will return to levels that will allow shale derived oil to return to profitability.
    And at that time, you would never complain about the price of gas, amirite?
    No men are anywhere, and Im allowed to go in, because Im the owner of the pageant and therefore Im inspecting it, Trump said... Is everyone OK? You know, theyre standing there with no clothes. Is everybody OK? And you see these incredible looking women, and so I sort of get away with things like that.

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    Re: Oil at $75 Means Patches of Texas Shale Turn Unprofitable

    Quote Originally Posted by DA60 View Post
    'With crude at $75 a barrel, the price Goldman Sachs Group Inc. says will be the average in the first three months of next year, 19 U.S. shale regions are no longer profitable, according to data compiled by Bloomberg New Energy Finance.'

    Oil at $75 Means Patches of Texas Shale Turn Unprofitable - Bloomberg


    Shale Profits at Risk - Bloomberg


    Does this mean the government will have to increase subsidies to the oil companies?



    I (and others) have said for a while that shale oil is not the dream solution that the media is making it out to be.
    And right you are. The Big Oil spin will be interesting to watch.










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    When trouble arises and things look bad, there is always one individual who perceives a solution and is willing to take command. Very often, that person is crazy. ~Dave Barry



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    Re: Oil at $75 Means Patches of Texas Shale Turn Unprofitable

    Quote Originally Posted by DA60 View Post
    'With crude at $75 a barrel, the price Goldman Sachs Group Inc. says will be the average in the first three months of next year, 19 U.S. shale regions are no longer profitable, according to data compiled by Bloomberg New Energy Finance.'

    Oil at $75 Means Patches of Texas Shale Turn Unprofitable - Bloomberg

    Shale Profits at Risk - Bloomberg


    I (and others) have said for a while that shale oil is not the dream solution that the media is making it out to be.
    Maybe the governor will use state time and resources in leading everyone to pray for higher prices....because it worked so well when he did it to end the drought.....
    "Those who do not remember the past are condemned to repeat it." George Santayana

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    Re: Oil at $75 Means Patches of Texas Shale Turn Unprofitable

    Quote Originally Posted by Risky Thicket View Post
    Does this mean the government will have to increase subsidies to the oil companies?
    Do you object to companies keeping more of their money?

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    Re: Oil at $75 Means Patches of Texas Shale Turn Unprofitable

    Quote Originally Posted by Misterveritis View Post
    Do you object to companies keeping more of their money?
    I object to the public being taxed to provide them subsidies.










    "When Faith preaches Hate, Blessed are the Doubters." - Amin Maalouf

    When trouble arises and things look bad, there is always one individual who perceives a solution and is willing to take command. Very often, that person is crazy. ~Dave Barry



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    Re: Oil at $75 Means Patches of Texas Shale Turn Unprofitable

    Its not all OPEC that is reducing oil prices, a lot of it is greater efficiency in the US auto fleet:



    Those much maligned CAFE standards are actually saving more oil than we are bringing to market with tight oil like shale and tar sands.
    "You're the only person that decides how far you'll go and what you're capable of." - Ben Saunders (Explorer and Endurance Athlete)

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    Re: Oil at $75 Means Patches of Texas Shale Turn Unprofitable

    Quote Originally Posted by DA60 View Post
    'With crude at $75 a barrel, the price Goldman Sachs Group Inc. says will be the average in the first three months of next year, 19 U.S. shale regions are no longer profitable, according to data compiled by Bloomberg New Energy Finance.'

    Oil at $75 Means Patches of Texas Shale Turn Unprofitable - Bloomberg

    Shale Profits at Risk - Bloomberg


    I (and others) have said for a while that shale oil is not the dream solution that the media is making it out to be.
    Shale oil helped bring gas prices down to 2.50 a gallon (where I'm at). I'd call that a good thing.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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