Article

2014-10-13 Economy

American shale revolution ends Saudi reign as oil king

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Posted by g(r)omgoru 2014-10-13 05:21|| || Front Page|| [11124 views ] Top

#1 Add in canadian oil and gas boom and the dollars are at least starting to stay in North America.

F the Saudis

Posted by Airandee 2014-10-13 07:35|| 2014-10-13 07:35|| Front Page Top

#2 Isn't this why the Saudis are happy with O as president? Making the US as stable as any other ME country means the 'secure source' edge is sort of mitigated. Add in the ban on the export of oil (and anti-Keystone support in the EPA), the Saudis/Gulf Arabs have the means to check the international market from getting too glutted. Meanwhile the Chinese will be glad to pick up anything the Americans previously were purchasing as their industrial base need for the stuff just continues to ramp up.

Posted by Procopius2k 2014-10-13 09:45|| 2014-10-13 09:45|| Front Page Top

#3 Good news morning.
Now, if we could resurrect the coal industry in the coal-mining region of the U.S.

Posted by JohnQC 2014-10-13 12:21|| 2014-10-13 12:21|| Front Page Top

#4 American shale revolution ends Saudi reign as oil king

And to think, this happened IN SPITE of the regime in Washington.

Posted by Besoeker 2014-10-13 12:23|| 2014-10-13 12:23|| Front Page Top

#5 I don't see diesel prices dropping.

Posted by Skidmark 2014-10-13 12:30|| 2014-10-13 12:30|| Front Page Top

#6 Diesel prices in my area have dropped substantially since last summer. I doubt they will ever again go below $2 / gallon, though. I junked my old diesel pickup this spring - it would get 22-25 mpg with nothing in the bed, even though it weighed 5000 lb.

Posted by Anguper Hupomosing9418 2014-10-13 13:07|| 2014-10-13 13:07|| Front Page Top

#7 Misread the headline as:
American shale revolution ends. Saudi Reigns as oil king.
Didn't like that at all.

Posted by rjschwarz 2014-10-13 14:41|| 2014-10-13 14:41|| Front Page Top

#8 Two things really prevent the shale oil from taking off;
First is the tree huggers who cry about the dangers of oil trains,
and second is the lack of capacity of the 6 Class 1 RRs; between lack of rolling stock and ( bigger issue IMHO) is lack of trackage to keep everything rolling. They just now got almost dug out from last year's grain backlog.

Posted by USN, Ret. 2014-10-13 20:37|| 2014-10-13 20:37|| Front Page Top

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