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Waiting for update on JAMTF...price of $77 should

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peedeeheenee   Saturday, 04/11/15 10:29:14 AM
Re: bigone post# 36
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Waiting for update on JAMTF...price of $77 should continue...they paid $84 until oil dropped.

>>> Shell thinks that Argentina will need $300 billion to develop Vaca Muerta in a six-year period that would make the country oil sufficient starting in 2020 and will keep producing for as many as 40 years.<<<

2020 may be optimistic...until then they will pay a $30 average premium...more or less. Ironic that they take gas pump revenues to pay for oil production subsidies...but this is Argentina.

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