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Re: buccaneer1961 post# 6154

Wednesday, 02/04/2015 8:20:17 AM

Wednesday, February 04, 2015 8:20:17 AM

Post# of 25813
I see my attempt to discuss the Beach investment went by the wayside.....

Here's my take on the stupidity of the OPEC statement:

Simple economics, price of oil goes up, more fracking and more oil production results. Wells that were abandoned because of high extraction costs come back to life with the rise in oil prices.
Net effect? puts a damper on the price rising too high, too fast.

Next topic.