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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (109229)12/23/2014 1:01:38 AM
From: Metacomet1 Recommendation

Recommended By
elmatador

  Respond to of 218633
 
Their cost is <$5 per barrel..

It is a good competitive strategy given the success others were having with novel, but more expensive methods of production

They see that the future for hydrocarbon fuels is diminishing in a world suddenly attuned to climate change

..better to drive the competition away now and protect the remaining market with your pricing leverage



To: elmatador who wrote (109229)12/23/2014 1:06:08 AM
From: Elroy Jetson1 Recommendation

Recommended By
elmatador

  Respond to of 218633
 
Shutting-in wells can later reduce the flow rate, at which point the well has to be hydraulically fractured or chemically treated to get the flow rate up again.

In Russia, the climate is so harsh that many of their liquid petroleum wells would allegedly freeze if they shut the wells in.

But back to the topic at hand - I'm confident Saudi Arabia could easily increase their oil output substantially.


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