In The Long Run
Nattering at Oil: Shale Production Breakeven And Marginal Costs, Moving The Goalposts?
BlueI,
"Nattering, (I love the name) ...The reason is simply (now of course) it was Red China! If the Chicoms can return to 6 to 7% growth, goo can and will return to the 55 to $70 level."
Thank you for the comments and compliment. And after the fallout, survival of the fittest? Re: China, think the latest created by monetary (serial bubbles, financialism) policy, corporate (outsourcing, ecoreg avoidance, trade deficit) policy and governmental fiscal (irresponsible, corrupt, budget deficit, national debt) policy.
See this for a physics explanation of how serial bubble inflation and deflation work.
Much like paying extra to stimulate (educational system) and keep good paying jobs (local sourcing rather than big box) and the related technical COMPETENCES locally fluid in the supply chain (the lack thereof is the ultimate downside yet to be realized in this unfolding new world "disorder" drama)... as for the price of oil, if it really meant more energy independence, and not having to pay a huge premium for the sake of speculation, I wouldn't mind paying a smaller premium $55-65 now and over the long run. Just sayin.
BlueI,
"Nattering, (I love the name) ...The reason is simply (now of course) it was Red China! If the Chicoms can return to 6 to 7% growth, goo can and will return to the 55 to $70 level."
Thank you for the comments and compliment. And after the fallout, survival of the fittest? Re: China, think the latest created by monetary (serial bubbles, financialism) policy, corporate (outsourcing, ecoreg avoidance, trade deficit) policy and governmental fiscal (irresponsible, corrupt, budget deficit, national debt) policy.
See this for a physics explanation of how serial bubble inflation and deflation work.
Much like paying extra to stimulate (educational system) and keep good paying jobs (local sourcing rather than big box) and the related technical COMPETENCES locally fluid in the supply chain (the lack thereof is the ultimate downside yet to be realized in this unfolding new world "disorder" drama)... as for the price of oil, if it really meant more energy independence, and not having to pay a huge premium for the sake of speculation, I wouldn't mind paying a smaller premium $55-65 now and over the long run. Just sayin.
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