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karadax

(284 posts)

7. The domestic oil infrastructure is in place and waiting.

Reply to yallerdawg (Original post)

Wed Oct 21, 2015, 08:58 PM

Oct 2015

It doesn't matter what OPEC does. Once oil prices reach a certain dollar amount to become profitable again the closed wells will reopen. The holes are already drilled. Fracking extraction will only get more efficient as time passes too.

We will never see $80 or higher oil again.

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9 replies

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Highlight:

OPEC is about to crush the U.S. oil boom [View all] yallerdawg Oct 2015 OP

It's not just the US oil boom FLPanhandle Oct 2015 #1

We'll see if American energy independence... yallerdawg Oct 2015 #2

This will cause support for Keystone XL to grow. Americans are ignorant on the issues. JRLeft Oct 2015 #3

You're in the 'more oil' fatalism camp. yallerdawg Oct 2015 #4

They've been saying that for over a year now FBaggins Oct 2015 #5

They're killing Alaska's economy, Blue_In_AK Oct 2015 #6

The domestic oil infrastructure is in place and waiting. karadax Oct 2015 #7

And renewables continue to drop in price as well daleo Oct 2015 #8

The Saudis have now started a price war with the Russians. roamer65 Oct 2015 #9