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by Mountain Lion on 18 October 2014 - 15:10
But it is profitable to drill & pump. If it got to the point where it wasn't profitable and they stopped, oil prices would climb dramatically and it would soon be worth pumping it again.
Plus the natural gas it's produced...
The economy in the US started to tank when Oil went up, maybe it will pick up with Oil going down..
by GSD Admin on 18 October 2014 - 15:10
It won't go down because people will stop drilling and pumping? You can't make billions off something that isn't profitable when you pump more. You missed the whole point of the article and instead are stuck on the Obama angle, just as I knew you would be. But the whole concept is as it becomes less profitable companies will pull back drilling and pumping.
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