GREY:WFREF - Post by User
Post by
soundandfuryon Sep 12, 2015 7:38am
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Post# 24098487
re: world oil prices
re: world oil priceswhen the world oil price is below the cost of production??????? .................then a company would be better off buying their produciton on the world market and shutting in all their oil and gas production too for that matter............................for example if it costs 50 dollars too produce a barrel and you can buy it on the cme for 44......................why would any company keep producing oil...................they could lay off all staff and laugh all da way to the bank..............hehehe