Don't forget oil companies have bean counters. If a company can't project black ink in 2015 the smaller oil companies are going to curtail drilling plans and production plans. It is economics at work. They will lose money below a certain per barrel price point. Economics governs a small company more than a big one. The big boys will likely plow right through this as they have millions in past profits and cash reserves to draw from. The new small company's not so much. In the price territory we are in now you will see some small players drop out maybe temporarily but drop out enough to reduce US oil supply on the market. If you are a small company you can't operate at a loss for very long. And we have several new small players in the fracking business.
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Today's Featured Article - My Ford Golden Jubilee - by Troy Estes. This article is about my '53 Ford Jubilee and a story that starts with taking the tractor to my brother's Starter/Alternator Rebuilding shop for a wiring fix. The generator was shot as well as all the wiring. I dropped off the tractor expecting a transformation from a 6 volt to a 12 volt system utilizing the original generator housing, and a total rewiring of the whole tractor. The front end center pin bushing was worn also so I ask that they replace it if they had time. Well, that’s wha
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