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To: heinz44 who wrote (158176)1/5/2015 9:02:19 PM
From: Rocket Red1 Recommendation

Recommended By
longz

  Read Replies (1) | Respond to of 233783
 
Yup glut of oil

Same thing in the 70s shortage my ass



To: heinz44 who wrote (158176)1/6/2015 1:25:18 AM
From: Cogito Ergo Sum  Read Replies (3) | Respond to of 233783
 
Have fun...

economist.com

rff.org

North American oil is continental.. more or less like NG... US can only export to Canada and that cannot be reexported ... (not that Canada can really do much of that anyway... ours is mostly stuck anyway) .

US needs 60-80 $ depending to make it work. Saudis and Iraqis need a LOT less...

There is room for a whole lot of games... :O)

T Boone says back to 100$ in 12-18 mths..

I dunno .. I thought we'd never see 2$ NG here again and then BOOM..!