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Re: Falling oil prices will ease BNSF backlog?
Author: mook
Date: 12-16-2014 - 17:56

Enjoy it while it lasts! If past is prologue, it won't last long. This is the Saudis, mostly beating on the Russians and Iranian, and trying to push the price down to where US and Canadian shale oil production (and, especially, exploration and development) have to stop because the price is lower than the cost of production. General assumption - Bakken-type production costs around $50/barrel. Historical data - Saudi cost of production is less than $20/barrel.

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Subject Written By Date/Time (PST)
  Falling oil prices will ease BNSF backlog? EF Hutton 12-16-2014 - 00:31
  Re: Falling oil prices will ease BNSF backlog? J 12-16-2014 - 05:19
  Re: Falling oil prices will ease BNSF backlog? BOB2 12-16-2014 - 09:37
  Re: Falling oil prices will ease BNSF backlog? Fred 12-16-2014 - 11:38
  Re: Falling oil prices will increase demand and cause recession? BOB2 12-16-2014 - 16:11
  Re: Falling oil prices will ease BNSF backlog? Goober 12-16-2014 - 16:37
  Re: Falling oil prices will ease BNSF backlog? mook 12-16-2014 - 17:56
  Re: Falling oil prices will ease BNSF backlog? trainjunkie 12-16-2014 - 20:28
  Re: Falling oil prices will ease BNSF backlog? mook 12-20-2014 - 08:50
  Re: Falling oil prices will ease BNSF backlog? BN Oly 12-16-2014 - 21:45


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