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But when the cost recovers we'll be back at it again. US shale has seen booms and busts for a hundred years.
by look_lookatme 7y ago
But when the cost recovers we'll be back at it again. US shale has seen booms and busts for a hundred years.
- warlog 7y agoWhipsaw mkts will eventually make it impossible for credit to be extended to allow these low ROIs to operate. Welcome to post-peak oil pricing dynamics.
- fpoling 7y agoSaudi Arabia oil is the cheapest in the world. They have massive oil fields. So in principle they can bankrupt anybody unless somebody can come up with a cheaper way to get oil.
- davidf18 7y agoIt takes several years (I can't recall how many) and $100 billion per 1 million barrel increase in production and as far as I can recall the Saudis are pumping their maximum at his moment.