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

[Erik Nielsen (judge4re]

It's a pendulum. 

This game is still in the first period. They're still trying to decide who gets 
to ride on the Zamboni...

Sent from my iPad

> On Jan 5, 2015, at 3:05 PM, Rick Lindsay <richardolindsay [at] gmail.com> 
> wrote:
> 
> 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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