Ferrari Mailing List: Re: Just for those...

[Rick Lindsay (richardolindsay]

Yep. The only real cause of death is life.

I just don't like the U.S. losing control back to the Saudis. 

-------- Original message --------

From: Erik Nielsen

Date:01/05/2015 2:51 PM (GMT-06:00)

To: Rick Lindsay

Cc: The FerrariList

Subject: Re: [Ferrari] Just for those...

Rick:
The oil sector for the last hundred years can be summarized as:

Boom, bust, boom, bust, boom, bust, boom, bust.  Guess what comes next?

I knew when I was getting offers of $350k per year in 3Q14 to move to
Houston that the cliff was coming soon.

On a long enough time horizon, we're all dead, enjoy it while it lasts.

Erik

On Mon, Jan 5, 2015 at 2:25 PM, Rick Lindsay <richardolindsay [at] gmail.com>
wrote:

> Just for those of you who might believe that oil companies are the great
> Satan:
>
> Small oil companies in the U.S. are considering exiting the sector. Some
> by choice. Others by necessity. Cost to produce ranges from $45/bbl for the
> most streamline companies, up to $60+/bbl for some majors. And that's just
> production, not reserves replacement (exploration).
>
> My company is laying off all it's contractors, perhaps even me. America's
> oil shale industry will now be dominated by just a few larger, if still
> suffering operators. And all because Arabs are wrestling back control of
> the market. They don't care how low oil prices dip because they can't even
> spend all the money they get now!
>
> So before we celebrate the short term gains of a $2 per gallon fillup,
> remember where we'll be tomorrow when the Saudis have regained master
> control.
>
> -rick
> PS: With the Kroger fuel points card, I paid $1.45 per gallon!!!
>
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