Off-Topic: Gas Prices Rock
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Name:   MrHodja The author of this post is registered as a member - Email Member
Subject:   Gas Prices Rock
Date:   1/24/2015 5:39:55 PM

I saw that the Saudis' cost to produce a barrel of oil is about $12.  With the billions if not trillions they have in cash reserves they could easily keep the cost of a barrel depressed for long enough to drive the frackers out of business.  However, that also hits some of the less fortunate OPECers like Venezuela - whose economy is propped up by oil sales - pretty hard. 

Other messages in this thread:View Entire Thread
Here we go !!! - lucky67 - 1/21/2015 6:20:14 PM
     AMEX drops 4,000 - MartiniMan - 1/22/2015 8:29:03 AM
          AMEX drops 4,000 - Lifer - 1/22/2015 12:59:02 PM
               AMEX drops 4,000 - lucky67 - 1/22/2015 5:23:55 PM
                    Gas Prices Rock - GoneFishin - 1/22/2015 5:41:50 PM
                         Gas Prices Rock - MAJ USA RET - 1/24/2015 3:11:04 PM
                              Gas Prices Rock - Lighthouse - 1/24/2015 4:20:30 PM
                                   Gas Prices Rock - MartiniMan - 1/26/2015 11:02:47 AM
                              Gas Prices Rock - MrHodja - 1/24/2015 5:39:55 PM



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