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Topic: Frackers Could Start Shutting Down/Layoffs< Next Oldest | Next Newest >
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Albert Lea
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PostIcon Posted on: Nov. 05 2014,11:57 pm  Skip to the next post in this topic. Ignore posts   QUOTE
The Saudis' unexpected move on Monday to cut prices to the U.S., aimed at protecting their market share there

The prime motivator for the Saudis is to compete against U.S. shale oil.

http://news.yahoo.com/opec-sh...ce.html
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PostIcon Posted on: Nov. 06 2014,4:41 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
http://www.zerohedge.com/news...-arabia


This is a very dangerous game, I hate it when politicians get involved and try to mess with the natural order of business.

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PostIcon Posted on: Nov. 06 2014,8:41 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
Gasoline price dropped .10 gallon overnight here.  :thumbsup:

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Actually my wife is especially happy when my google check arrives each month. Thanks to douchbags like you, I get paid just for getting you worked up.  -Liberal
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PostIcon Posted on: Nov. 06 2014,2:00 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

(MADDOG @ Nov. 06 2014,8:41 am)
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Gasoline price dropped .10 gallon overnight here.  :thumbsup:

Well gas dropping is a good thing, maybe we'll start coming out of this "economic recovery" we've been in.

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PostIcon Posted on: Nov. 07 2014,7:35 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
As Oil Plunges Further, Why It Might Be 'Game Over' For The Fracking Boom

http://www.forbes.com/sites...ng-boom

The average U.S. Oil Fracker needs $85 per barrel to break even.. Current price is about $77.. :car:
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Albert Lea
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PostIcon Posted on: Nov. 07 2014,10:13 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
I wonder why nobody is bitching about Saudi Arabia flooding the US with cheap oil to put US oil companies out of business.. :sarcasm:

Reminds me of China doing the same thing with many other products..

Its good for our economy, for now..

Start investing quickly with as much as you can afford into Large Cap Oil Companies..

25% small cap 75% large cap ETF's
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PostIcon Posted on: Nov. 13 2014,7:26 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
Wow, $76 a barrel this am, I'm sure Alky will be singing Buster's praises :rofl:

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PostIcon Posted on: Nov. 13 2014,8:14 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
Word is going around that the US and Saudi Arabia are trying to put pressure on Iran with low oil prices to get them to give up their nuke program..
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PostIcon Posted on: Nov. 13 2014,8:37 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
^^^yeah maybe but the Middle East has survived $35 to &$40 per barrel before.

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PostIcon Posted on: Nov. 13 2014,8:53 am Skip to the previous post in this topic.  Ignore posts   QUOTE

(Self-Banished @ Nov. 13 2014,8:37 am)
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^^^yeah maybe but the Middle East has survived $35 to &$40 per barrel before.

Please tell me when oil was $35 to $40 per barrel.. :rofl:

Sanctions that restrict any oil sales have wrecked Iran's oil based economy and created major inflation..

The little oil they do sell on the black market is now not profitable..

You can compare US Frackers with Iran.. Not good.. :rofl:
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