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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: J_F_Shepard who wrote (823091)	12/16/2014 7:52:42 PM
From: i-node	Read Replies (1) \| Respond to of 1577256

>> OPEC gives every intention of keeping their prices low enough to discourage frackers and coal tar......they can still make a good profit. I think there are dynamics at work there that you don't understand. >> Also reducing fracking is good for the environment.. There is no evidence that properly managed fracking is harmful to the environment.

To: J_F_Shepard who wrote (823091)	12/16/2014 9:17:36 PM
From: bentway	1 Recommendation Recommended By J_F_Shepard Read Replies (4) \| Respond to of 1577256

I just like thinking about the Kochs and all the other oily conservative assholes that are going to be losing money over this Saudi move. I'm beginning to like the Saudis almost as much as this guy!

To: J_F_Shepard who wrote (823091)	12/17/2014 7:31:11 AM
From: Brumar89	Read Replies (1) \| Respond to of 1577256

A look at oil price down cycles: http://seekingalpha.com/article/2757505-how-long-does-a-typical-oil-downcycle-last?ifp=0 ....... it has historically taken up to 2 years for prices to complete a deep decline and then undergo a recovery. ............ Given that oil prices began to move lower in July of this year, a 20-month downcycle would mean that oil price may not recover until approximately Q1 2016. The average peak-to-trough decline for the three corrections was slightly over 60%. For the current correction, a 60% peak-to-trough decline would imply a "bottom" price of approximately $45 per barrel. .......... The duration of the price "bottom" is approximately 3 to 5 months.