Posted by Andy Martin on February 24, 2016 at 16:53:09 from (209.213.149.120):
In Reply to: $20 oil posted by Geo-TH,In on February 24, 2016 at 11:22:29:
Quoting Removed, click Modern View to see Not true: remember how fast fracking took off after it was developed? As soon as the price creeps up, the same companies, same people in new companies, or new companies will quickly emerge to take advantage of the higher prices. The oil isn't going anywhere, and when prices get high enough to it will get produced. Saudi Arabia's plan will just not work, they will get to sell lots of cheap oil but the proven methods will not go away. Same thing with deep offshore, the reserves are now proven and they will be produced when economical.
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Today's Featured Article - The Revival of a John Deere Combine - by The Red, John Fritz. For several years I had been driving by a farm house on the west side of Indianapolis that had a John Deere combine parked in high weeds in a lot behind the house. The gentleman no longer farmed because the entire area was developed with housing and light industry. I had stopped several times and knocked on the door but no one would answer. My curiosity was up and I wanted to contact the owner. I wanted to see what he planned to do with the combine.
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