Hey, hold those damn Horses a minute ...

[dogtag]

$300 Oil ?
So what happened to all that new exploration,
less regulation, pipelines and fracking ?
I thought we were now exporting oil and the Arabs
were suffering from Trump syndrome and had gone
back to filling sandbags for export.

https://www.bloomberg.com/news/artic...not-impossible

Yeah, I know. It's bloomberg, but even so ...

[dryheat]

hmmm... Prices of everything are going up. It all started with those schmucks that wanted to raise the minimum wage for burger flippers. How's that working out for you? Now teachers see that they aren't riding on the wave and what better way to get attention and money(it's for the kids) then turn out in HUGE numbers and wave signs, shut down the legislature until you get your way. Housing, if you haven't been paying attention, is UP. Houses are selling in a day or to in most desirable states. Folks are offering more than sellers are asking just to nail it. $100 a barrel will seem old fashioned in a couple of years. I hope Trump doesn't decide to "fix" that too. He's talented but that kind of thing can go very wrong. Now if your a schrewd investor it's a paradise. I'm not messing with any of that, I don't have time to come back from bad investment decisions.

[togor]

The Saudis were pumping like crazy for awhile to see if they could put the frackers out of business in the US, cut into the demand for alternative energy, and the ROI on energy efficiency measures. Some US frackers went under and for awhile new wells weren't being drilled much but the main effect was to cause the US industry to get more efficient and lower its cost floor. So now OPEC and Ivan shifted gears and are trying to bring the price back up. Of course US industry if faced with a glut of refined products such as gasoline will export it so apart from taxes, the US price will track the world price. My brother-in-law works on drilling crews in WY and ND and for awhile there hours were down but now they're back up.