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Old 11-28-2014 | 10:17 AM
  #173225  
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RockyBoy
Doesn't Get Weekends Off
 
Joined: Jun 2007
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http://finance.yahoo.com/news/breake...162100905.html

This is a good chart, not sure where the info comes from though. That chart verifies what I've been told and what Hess has said. I doubt we will see sustained prices under $60/bbl. Most of the big U.S. shale producers will keep up what they have been doing the last 5 years.

What has happened is OPEC no longer can manipulate the market and inflate prices because of the U.S. output. That is good for everyone except some of the OPEC countries that need expensive oil to balance budgets. Wonder what $60 oil does to our Trainor investment?