Investors Hangout Stock Message Boards Logo
  • Home
  • Mailbox
  • Boards
  • Favorites
  • Whats Hot!
  • Login - Join Now!
Treaty Energy Corporation TECO
Posted On: 10/28/2014 8:44:54 PM
Post# of 39368
Avatar
Posted By: BULL2222
Re: BigSur25 #29438
This issue too......



Oil dropped below $80 per barrel on Monday morning, with important implications for production and jobs.

The most important issue for the markets is oil that dips below $80. Today, Goldman Sachs cut its West Texas Intermediate Crude target to $75 from $90. The investment bank also cut Brent crude to $85 from $100.

A few weeks ago Citi put out a report noting that the "full-cycle" costs (land, infrastructure, well drilling and operating costs) for many new shale plays is in the $70 to $80 range. That means that we are entering the area where some new shale plays will become unfeasible.

This has a bigger impact than just lower oil gas prices. Obviously, a lower gas price is good news. The bad news is the potential impact this could have on the other side of the ledger: jobs. The shale oil boom has been a significant help for the jobs market in the United States. A reduction in new drilling could have a significant impact on the booming energy industry.













(0)
(0)









  • New Post - Investors HangoutNew Post

  • Public Reply - Investors HangoutPublic Reply

  • Private Reply - Investors HangoutPrivate Reply

  • Board - Investors HangoutBoard

  • More - Investors HangoutMore

  • Keep Post - Investors HangoutKeep Post
  • Report Post - Investors HangoutReport Post
  • Home - Investors HangoutHome
  • Mailbox - Investors HangoutMailbox
  • Boards - Investors HangoutBoards
  • Favorites - Investors HangoutFavorites
  • Whats Hot! - Investors HangoutWhats Hot!
  • Settings - Investors HangoutSettings
  • Login - Investors HangoutLogin
  • Live Site - Investors HangoutLive Site