Replies to post #166581 on Value Microcaps Motherboard

[nelson1234]

..good, I'm all for lower oil prices...let them Saudi's slice off their noses to spite their face. Personally, I dont give a shit if the US oil companies make less money.

[bbotcs]

10bagger: oil

The Saudis are going to drive Iran into the ground. People forget that Saudi Arabian oil is very cheap to produce. They can tolerate lower oil prices for a long time.

I learned a few things in the early a.m. hours listening to talk radio. First, diesel prices have been high for years because it is being exported. That has caused price inflation in the U.S. Second, the Keystone Pipelines won't do anything for American citizens. The destination for the oil is Louisiana, where it will be shipped out, or refined and shipped out. Third, ISIS might be a U.S. creation, for the purpose of toppling Assad in Syria. (That I believe 100 percent.) What would happen if ISIS gained control of all of Iraq's oil? A scary thought, eh? (I believe that debacle in Bengazi was about an operation to get arms to rebel groups in Syria, and I hope we didn't supply arms to ISIS. THAT we will never know.)

Back to oil. The $64K question is "Are deep-water drillers doomed?" There is a LOT of shale oil in the U.S., and probably the entire world. This is a very confusing time for oil-stock investors. JMO.