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2018-01-14 Economy

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Posted by Besoeker 2018-01-14 11:13|| E-Mail|| Front Page|| [11130 views ] Top

#1 ...And as it gets closer to $80, fracking becomes more and more profitable on marginal or difficult wells. Checkmate.

Mike

Posted by Mike Kozlowski 2018-01-14 12:49|| 2018-01-14 12:49|| Front Page Top

#2 There were isolated Rantburg University predictions of $60. by year's end 2017.

Posted by Besoeker 2018-01-14 14:01|| 2018-01-14 14:01|| Front Page Top

#3 I just looked up the current price, and it's about 64.00/bbl.

It's not doing Louisiana much good, everyone I know is struggling, fracking has proved you can drill on land in lots of places and don't have to beg the feds for permission to drill off Louisiana.

You drill a hole on private ground in N. Texas and you don't have to pay any of Louisiana's de jure or de facto taxes.

Posted by Thing From Snowy Mountain 2018-01-14 14:28|| 2018-01-14 14:28|| Front Page Top

#4 I thought it all began in Baku, Azerbaijan.

Posted by Clem 2018-01-14 16:23|| 2018-01-14 16:23|| Front Page Top

#5 Debatable

Posted by g(r)omgoru 2018-01-14 16:32|| 2018-01-14 16:32|| Front Page Top

#6 The US 'oil boom' started in Texas. I should have qualified, been more specific.

Posted by Besoeker 2018-01-14 18:32|| 2018-01-14 18:32|| Front Page Top

#7 1903 US oil boom started in Texas, but there were earlier booms in Pennsylvania and Ohio, as well as Ontario. Rockefeller's Standard Oil first made it big in Ohio, I believe.

Posted by Glenmore 2018-01-14 19:26|| 2018-01-14 19:26|| Front Page Top

#8 Meanwhile, in the People's Carbon-Free Republic of Washingtonstan. the Longview City Clowncil (composed of mainly idiots and tree-huggers)effectively killed a big job maker when they said the proposed oil terminal would not have its lease renewed if all permits were not in place by 31 March. And the governor, His Highness Jay Inslee has come out opposed to anything that would create jobs.
However, the project has taken the state to court saying they overstepped their bounds and are in violation of the commerce clause.

The terminal would handle up to 4 unit trains of oil from the Midwest. Each train would be 110 or so cars, each car about 30000 gallons of crude.

Posted by USN, Ret. 2018-01-14 20:14|| 2018-01-14 20:14|| Front Page Top

23:28 Canuckistan sniper
21:41 Cheaderhead
20:34 49 Pan
20:14 USN, Ret.
19:26 Glenmore
18:32 Besoeker
18:02 Pappy
17:06 Raj
17:03 Raj
16:35 Raj
16:32 g(r)omgoru
16:29 OregonGuy
16:28 Cheretle Angeans6218
16:26 Clem
16:25 Frank G
16:23 Raj
16:23 Clem
16:20 Frank G
15:55 trailing wife
15:53 g(r)omgoru
15:50 g(r)omgoru
15:47 g(r)omgoru
15:46 trailing wife
15:40 Frank G
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