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Gold/Mining/Energy : Shale Natural Gas, Oil and NGLs and ESA -- Ignore unavailable to you. Want to Upgrade?


To: Glenn Petersen who wrote (6137)1/25/2016 5:47:56 PM
From: isopatch1 Recommendation

Recommended By
Glenn Petersen

  Read Replies (1) | Respond to of 6160
 
Current energy down cycle reminds me of late 1920s and 1930s price impact of massive over production from the Super Giant East Texas Field. If memory serves (feel free to correct me if I'm mistaken), it was the most important oil field in the world at the time.

Daniel Yergin put a fine point on it in the video version of The Prize given me by a reader of one of the early internet boards, many years ago. Not sure how long ago, to be honest. But, was still using an IBM XT...))

Iso