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kozuh

11/30/14 3:32 PM

#16610 RE: stock_peeker #16609

Stock-Pecker is ... WRONG ... !!!

Here's a partial list of entities who
HATE fracking and who want to
destroy the fracking industry:

• Saudi Arabia et al
• Man-made global warming proponents
• Obama Administration
• Environmentalists and Greens
• Wind-turbine industry
• Solar-panel industry
• etc

swampboots

11/30/14 4:06 PM

#16611 RE: stock_peeker #16609

Sorry thought fracking entities were the high cost producers, as this technology not feasible when oil was below $70?

bbotcs

12/01/14 1:18 PM

#16618 RE: stock_peeker #16609

stockpkr: Good post. I would add that the big dogs like OXY will swoop into the Permian and Baakken regions and scoop up weak competitors. Companies like OXY could come out of this very strong. Over the longer run, oil will return to $100 and beyond.

In the meantime, electric and ngas and solar are gaining ground. In the long run, oil will be around, but the percentage of energy generated from oil will be significantly lower than it is today.

Only a minority of people in this country are as enlightened as I am about the root cause of the shortage of energy, and water, and other natural resources--overpopulation. www.negativepopulationgrowth.org

Unless the world gets its population under control, you won't recognize the planet in 100 years.