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Re: Zanfear post# 752

Tuesday, 08/18/2015 9:13:43 PM

Tuesday, August 18, 2015 9:13:43 PM

Post# of 1499
You are absolutely correct. There is a definite oil turf war between OPEC nations and non
OPEC nations. The OPEC nations there only chance for long term survival is to eliminate
as much competition as possible by flooding the market and driving out most of the
small and mid cap oil companies. Another indicator this will be much longer is the
large cap oil companies have restructured there business environment with substantial
layoffs, capping less productive wells, cutting back on exploration, the list goes on and on.
All I am saying is this will be a significant amount of time before there is any real amount
of oil price recovery.