MitsuStyle - View Single Post - Jordanian pilot burned alive by terrorist

jeremy1375 · 02-06-2015

Saudi Arabia can produce oil for around $10 a barrel. U.S. shale operations costs to produce oil are around $50 and up per barrel. March crude futures are trading around $52.70 as I write this.

OPEC has the ability to put our operations out of business as we're seeing by their current policy. We saw their power in the '70's. Then when they cut production in 2008 by more than a million barrels a day. Now they leave the tap wide open and show that our operations can not compete if they do so.

Capitalism can not compete when the rest of the worlds oil is government controlled and cheaper to produce than ours.

02-06-2015	#23
jeremy1375 Join Date: Dec 2012 Location: Lindstrom Drives: 1990 Eagle Talon Tsi AWD Posts: 347	Re: Jordanian pilot burned alive by terrorist Saudi Arabia can produce oil for around $10 a barrel. U.S. shale operations costs to produce oil are around $50 and up per barrel. March crude futures are trading around $52.70 as I write this. OPEC has the ability to put our operations out of business as we're seeing by their current policy. We saw their power in the '70's. Then when they cut production in 2008 by more than a million barrels a day. Now they leave the tap wide open and show that our operations can not compete if they do so. Capitalism can not compete when the rest of the worlds oil is government controlled and cheaper to produce than ours. Last edited by jeremy1375; 02-06-2015 at 01:06 PM..