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If The Oil Plunge Continues, “Now May Be A Time To Panic” For US Shale Companies

October 15, 2014
Comments (2)

Continuing on what Chris Temple and us were talking about yesterday, if the oil price continues to drop, US shale oil companies are in for some hard times.

The post refers to this chart to make the point that an $85/bl oil price is crucial.

Click here to read the full post.

Discussion
2 Comments
    James
    Oct 15, 2014 15:58 PM

    Loads of support at 75-76 from Summer 2011 and Summer 2012.

    bj
    Oct 15, 2014 15:33 PM

    Great chart–a picture is worth a 1,000 words.

    Boone Pickens commented long ago that oil prices can’t stay down or go down much without loss of production due to cost of production.