Re: Bakken Oil Train Alternative?
Author: mook
Date: 10-29-2014 - 17:42

Some interesting pieces on oilprice.com (a CNBC product). One of them questions whether oil from the fracking projects will be a long-term resource. Note also that the Saudis are pushing prices lower right now, at least in part, probably, to put the alternative (higher-cost) producers like the fracking people out of business. They've done it before. Note prices for West Texas Intermediate from NYMEX. And futures. If Bakken trades at a discount to WTI (which it usually does: [www.eia.gov]) then continuing the downward push could reduce the volume much sooner than later - Bakken costs more to produce than WTI. So if the Saudis succeed again, the oil train problem will fix itself as we go back to oil from boats.



Subject Written By Date/Time (PST)
  Bakken Oil Train Alternative pdxrailtransit 10-27-2014 - 16:47
  Re: Bakken Oil Train Alternative ?????? 10-29-2014 - 07:40
  Re: Bakken Oil Train Alternative? BOB2 10-29-2014 - 12:58
  Re: Bakken Oil Train Alternative? mook 10-29-2014 - 13:51
  Believe It or Not, There is a connection. pdxrailtransit 10-29-2014 - 14:03
  Re: Bakken Oil Train Alternative? BOB2 10-29-2014 - 14:11
  Re: Bakken Oil Train Alternative? mook 10-29-2014 - 17:42
  Re: Bakken Oil Train Alternative? Max Wyss 10-29-2014 - 22:02
  Re: Bakken Oil Train Alternative? mook 10-29-2014 - 22:35
  Re: Bakken Oil Train Alternative? mook 10-29-2014 - 17:47
  Re: Bakken Oil Train Alternative? Bob Renner 10-29-2014 - 17:13
  Re: Bakken Oil Train Alternative? Free Markets Are Geat BOB2 10-29-2014 - 17:59
  Bakken Oil Train Alternative, cut off those that dont want it H* Tree Humpers 10-31-2014 - 07:24


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