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

To: Brumar89 who wrote (71122)7/27/2016 9:16:11 AM
From: Eric  Read Replies (1) | Respond to of 86355
 
And how many E & P companies went bankrupt over the last couple years?

Not to mention a whole lot of other support services?

It's far from over....



To: Brumar89 who wrote (71122)8/10/2016 2:58:14 PM
From: TimF  Read Replies (1) | Respond to of 86355
 
Drill baby drill worked like a charm!

It is a big part of why the prices are lower now.

Oil is a cyclical, even boom and bust, market. Eric mistakes a relative bust for a terminal condition. To the extent that some production is priced out of the market, that lead to less production, which will lead to higher prices.


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