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Response to Sherman A1 (Original post)

Wed Mar 13, 2013, 10:15 AM

2. You asked, "So will pump prices come down?".

 

The short answer is, No.

It can't. The ONLY thing keeping shale extraction in the game is high prices. Without them the margins are not there and it is no longer economical to produce.

This paragragh is a pretty interesting read.

"Rarely has the market's ability to withstand crisis been so tested as in the two years since the start of the so called Arab Spring. Yet the market seems to have taken it all - civil uprisings, terrorist attacks, natural disasters, production outages, trade embargoes - in its stride," it added."



Side note:

CT time.

Is the US government using the lack of demand for oil to persue antagonistic policies throughout the ME? Oil embargoes have always been the weak point of our economy and we had to tread lightly in the ME as to not upset the applecart but the last few years we have interfered with reckless abandon. Hmmmm.

CT/

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Sherman A1 Mar 2013 OP
libtodeath Mar 2013 #1
LineNew Reply You asked, "So will pump prices come down?".
Arctic Dave Mar 2013 #2
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