Intrepid wrote:Once again ElkinDoofus illustrates how little he understands about anything. Cheap oil is the idea ElkinDoofus. Demonstrating they can get the oil to the refineries despite the best efforts of the libtard enviroweenies to block the free flow of oil at market prices. It is the goal of the enviroweenies to halt any energy source that needs to be burned. They don't have any answers except wind and solar, but that doesn't matter to them. The fact that the sun goes down and the wind does not blow constantly, and that sort of energy can not be stored does not matter to them. The just continue to bleat, "wind and solar, wind and solar." Mention nuclear power and they soil their panties. Coal causes them to hyperventilate.
All the while their simple minded, loud mouth, know nothing, elitist Hollywierd 1% er icons (not to mention AlGore) are conveyed around on their GV private jets, 400 foot yachts, limos and live in energy hog mansions and none of the Useful Idiots sees anything wrong with any of it.
We have the village idiot telling everybody that low oil prices are beneficial for oil producers?
Lower oil prices = lower profits
Is that easy enough for your to understand.
It costs a fortune to dig up oil from shale and tar sands as compared to middle eastern oil. From what I understand it cost US producers $50ish per barrel and the middle easterns $15ish. The price differential is the profit. Therefore the lower the price they can sell it for the lower the profit.
85-50=35
75-50=25
And so on, now the US producers are absolutely flooding the market with oil. That's why oil prices have just cratered. I don't know any other easier way to explain it other, than using crayola...