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Thread: peek oil...........what the Hell happened?

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  1. #4
    Join Date
    Jun 2010
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    Default Re: peek oil...........what the Hell happened?

    Quote Originally Posted by GRG55 View Post
    Dirt cheap now? Time for you to go out and buy a diesel F-350 Mega...

    [Moral of the story? Never, ever, ever bet against the ingenuity and adaptability of the USA and its economy]
    I recently went for an interview at a small oil well tool maker in Texas. The founder was talking to me and said the country should
    be called "The united states of ingenuity". He was referring to a report he had read that a US oil producer had figured out how to be
    profitable at $25/barrel. He thought that Saudi Arabia had shot itself in the foot by overproducing, and we discussed whether
    the motivation was to drive American producers out of business or bankrupt Russia.
    Last edited by Polish_Silver; 09-30-16 at 09:29 AM.

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