Big Banc Split Corp T.BNK

all this talk about supply

[braincloud]

Iran, Argentina, shale has tons of oil and everyone keeps talking about it coming on stream but nobody talk about who and how they will finance it. The appetite for oil and gas exploration is quickly drying up, if it hasn't already. Nobody is going fund it unless it makes financial sense to do so. The numbers don't work at these oil prices! That's what is going to dry up supply. We get a big chapter 11 here soon and then watch!

[Insidetheropes]

The cure for the low oil price is a low oil price. The boys tried to "volume" their way out of it and with an even lower price resulting, you are right, chapter 11 is next for many.  There will be a rebound just as sure as there was this rapid decline. As an aside, is anyone on this board buying what that clinate change conference is selling.....how will they measure a decsion to

[braincloud]

The biggest contributor to green house gases is cattle. So eat less meat or figure out a way to make them stop farting.

[lefmike]

An industry in itself BC...  If we could tap that methane think of the possibilities.... would be stinky but talk about a renewable resourse ..

[braincloud]

Of late, I've creating my own methane mixed with some smelly brown stuff!! And I don't think I'm done quite yet!

[50centdollars]

I think the point is that all these new ways of getting oil out of the ground cost-effectively will/may keep a lid on how high prices will go in future.  Even if Saudi Arabia puts the shale players out of business, what's stopping them from ramping up again if oil goes back to $50-$60?  Sure bankers will not be as loose with the purse strings this go around, but shale production can

[braincloud]

True, but as high yield debt rates rising I pose a few questions. Given the decline rates and the low oil prices how does anyone rate money to finance. Once there are a few failures what's the appetite? The large players come in and pick over the best properties and they sit on them for better times. The big players can wait unlike the levered ones that pump just to pay interest and to keep