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Old 01-31-2013, 05:45 PM   #32
RaiderH8r RaiderH8r is offline
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Join Date: Jun 2004
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Quote:
Originally Posted by KC native View Post
Just because it can be recovered, doesn't make it cheap. But carry on, acting like extracting oil at a loss will lower oil prices is brilliant.
I think you have fully missed my point. Crude oil is a global market with a multitude of variables acting on it. I used the natural gas market to demonstrate that a regional commodity, removing a number of variables that come into play in a global commodity market, demonstrates that increased product has, in fact, yielded a lower price and that the domestic energy commodity market does work.

Most companies are doing project valuations based on roughly $70 crude so they still have a ways to go before hitting bottom. Sure, there may be those going at $75 but not many going in for the projects based on $90 oil. They got flexed out.

Generally the cure for low prices is low prices and the cure for high prices is high prices. The system, when left to operate, usually works.
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