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Re: fingolf post# 9485

Friday, 06/10/2016 7:53:33 AM

Friday, June 10, 2016 7:53:33 AM

Post# of 25813
OT, but interesting...

I read somewhere that Occid Petroleum is starting to dust-off their rigs in the Permian. Cost of extraction is $40/bbl. My un-learned opinion is that oil will settle into a narrow range for the foreseeable future.

Also, a report from Texas indicates that there is now a shortage of oil workers after having laid-off 350K of them.