I dont know how petroleum stores, the costs of operating, etc. But I look at it as right now being a great time to get in on it, when the rubber band snaps, you would already be at peak production capacity, without the export and shipping to get it to its destination, in North America at least. This is an artificially deflated market, it cant be sustained since it is inherently and artificially inflated market.
On Tue, Jan 13, 2015 at 12:19 PM, CBB - Jay Fuller < [email protected]> wrote: > > The investment has already been made to build the wells. I know it would > suck, but why not shut them down until the price goes up again, then just > resume production? Even under new ownership? Doesn't sound like a > permanent problem to me... > > > ----- Original Message ----- > *From:* Bill Prince <[email protected]> > *To:* [email protected] > *Sent:* Tuesday, January 13, 2015 10:23 AM > *Subject:* Re: [AFMUG] Gas Prices > > It's Saudi Arabia trying to squeeze out all the marginal producers. > Initially it will be Russia and some of the other marginals like Iraq & > Iran. > > Pretty sure the shale oil and tar sands guys are hurting big time right > now. > > bp > <part15sbs{at}gmail{dot}com> > > > On 1/13/2015 8:03 AM, Chuck McCown wrote: > > I wonder what is really driving the price down. Fracking, OPEC > diaspora, CAFE improvements, Russia problems ??? > > *From:* Jeremy <[email protected]> > *Sent:* Tuesday, January 13, 2015 8:54 AM > *To:* [email protected] > *Subject:* Re: [AFMUG] Gas Prices > > Thanks Obama! (he gets blamed for EVERYTHING, right??) > > On Tue, Jan 13, 2015 at 8:41 AM, Josh Luthman <[email protected] > > wrote: > >> Same up here in Ohio. >> >> Josh Luthman >> Office: 937-552-2340 >> Direct: 937-552-2343 >> 1100 Wayne St >> Suite 1337 >> Troy, OH 45373 >> On Jan 13, 2015 10:35 AM, "joseph marsh" <[email protected]> wrote: >> >>> 1.75 here in my area >>> On Jan 13, 2015 9:35 AM, "Vlad Sedov" <[email protected]> wrote: >>> >>>> $1.50 to $1.55 in oklahoma city.. crazy. >>>> >>>> vlad >>>> >>>> On 1/13/2015 9:32 AM, Travis Johnson wrote: >>>> >>>>> I never thought I would see gas prices this low. We have stations at >>>>> $1.71/gallon in our area right now. :) >>>>> >>>>> Travis >>>>> >>>> >>>> > > > -- All parts should go together without forcing. You must remember that the parts you are reassembling were disassembled by you. Therefore, if you can't get them together again, there must be a reason. By all means, do not use a hammer. -- IBM maintenance manual, 1925
