off the railroad ??

[bottomups]

Once the Saudis manage to shut down the Bakken oil fields by making them unprofitable the rails will be looking to us again.

 

[barnyard]

The exploration may stop, but the pumping will not. Refineries like the flexibility that rail delivery allows them.

 

[bottomups]

The Saudis are profitable at less than $30/barrel. At that price, shale oil loses money on each barrel pumped. Doubt that they would keep pumping for long at a loss.

 

[barnyard]

Shale oil is $40-$60 cost of production, depending on who you talk to.

These gas prices will not last long.

I have heard some theorize that pumping shale oil and driving down prices will bankrupt Russia faster than the 80's arms race did. Be interesting to watch, to be sure.

 

[brownmonster]

All I know is time to fill up the GMC Sierra.

 

[barnyard]

Yep.

I have an Expedition. Been filling everytime it goes under 3/4's.

 

[IVE GOTTA PACKAGE 4U]

Shale oil is $40-$60 cost of production, depending on who you talk to.

These gas prices will not last long.

I have heard some theorize that pumping shale oil and driving down prices will bankrupt Russia faster than the 80's arms race did. Be interesting to watch, to be sure.

Opec wants a price war. drive the price down now,take out alot of player.

 

[barnyard]

Opec wants a price war. drive the price down now,take out alot of player.

Yep. It is killing the economies in Russia and Argentina. That means less money for those 2 countries to support other regimes.

This is going to be a world changing thing.

 

[IVE GOTTA PACKAGE 4U]

Yep. It is killing the economies in Russia and Argentina. That means less money for those 2 countries to support other regimes.

This is going to be a world changing thing.

Will also crush,high paying American jobs. They have enough cash,to wait the rest of the world out.

 

[brownmonster]

Good move basing your entire economy on state run oil.

 

[Bottom rung]

There's a lot of rigs shutting down in nodak. What the Saudis are doing is going to ruin the economy. And everyone is more than willing to cut thier own throats for cheap gasoline. The industry up there is heavily leveraged with cheap money. This isn't good for America. It will be interesting to see what happens with pipelines and rail in the next few years.

 

[barnyard]

Will also crush,high paying American jobs. They have enough cash,to wait the rest of the world out.

Everything I have read is that the Saudis are hurting and hoping that they can outlast some of the others.

 

[brownmonster]

The markets don't seem concerned. That and I don't get facebook posts about how cheap gas was under Bush and so high now.

 

[Bottom rung]

That's because the markets dont care about the people of our country, or any other for that matter. They're concerned with ringing as many dollars out of anything until it dries up, then on to the next thing.

 

[brownmonster]

That's because the markets dont care about the people of our country, or any other for that matter. They're concerned with ringing as many dollars out of anything until it dries up, then on to the next thing.

Duh. The markets are for the rich to make more. I don't mind riding their coat tails.

 

[teamster776]

What is the percentage that goes on the rail?

 

[MaceFremonti]

Yard boss at PGHRR told me today that as of the end of the month we will no longer be seeing each other....

 

[superballs63]

Yard boss at PGHRR told me today that as of the end of the month we will no longer be seeing each other....

I love that place, it's a great place for a nap early in the mornin'

 

[MoarTape]

Has anyone heard anything new about this? We're certainly still using the crap out of it.

 

[Jones]

Has anyone heard anything new about this? We're certainly still using the crap out of it.

I'm starting to think it was all posturing by UPS to try and get a better deal/service out of Norfolk Southern.