AhDammit: It's their fault. They've allowed crude prices to rise to a point where extraction is cost effective. If prices dropped to $60 a barrel, oil companies are going to be a lot less willing to spend money to extract from shale.What could destroy them is the cost of shale extraction going down (it will) and enough production to crash crude prices. If China ramps up their operations the Saudis will be pretty much fscked. The best part about it is that they will have done it to themselves, and could have prevented it. Stupid and greedy is a poor combination.
wxboy: jmsvrsn: North Dakota has a state run bank and over 1000 nuclear war heads so there may be cause for concern.Sounds like we need to invade them.
jmsvrsn: North Dakota has a state run bank and over 1000 nuclear war heads so there may be cause for concern.
95629: I don't get why were doing this. Shouldn't we use nothing but Middle eastern oil?Use it all up. Eliminate their power over us as quickly as possible. Save ours for when it's expensive and really valuable.When only one country in the world has oil left, it'd be nice if it was the US and not some country like Saudi Arabia.
Maud Dib: Let 'em poundeat sand.
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