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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: Eric who wrote (61865)	12/10/2014 1:08:29 PM
From: Brumar89	Read Replies (1) \| Respond to of 86352

SA has waged price wars against higher cost producers several times in my career. Nothing new here.

To: Eric who wrote (61865)	12/10/2014 9:32:26 PM
From: miraje	2 Recommendations Recommended By Brumar89 FJB Respond to of 86352

Fraccing here has moved into the "coffin corner" much faster than I expected. How tiresome. The price of oil and gas is cyclical. Prices drop, production slows down. Prices increase, production speeds up. That's how the markets in fungible commodities (and fracking) work. Perhaps if you'd studied economics, you might have been able to grasp this fairly simple concept. Guess that PHD in Global Warming that you received back at good old Fuca U (home of the Anacortes refineries), didn't cover basic market realities. :)