Fuel Prices............WHY ??
Gas prices have dropped nearly a dollar in our area..........and diesel has dropped about 10 cents.........why hasn't diesel prices maintained the same decreases as gasoline? Brian
Forum Discussion
randallb wrote:
It will be interesting to see what happens in ND when the price of crude drops to $70-$75/barrel. When crude gets around that price profitability drops to almost a break even proposition for the Bakken shale oil.
Read an article on that just this week. When crude hits the break even point for the expensive wells like Fracking, and such. then fracking will stop. Which is exactly what Saudi Arabia is trying to do. they are purposely raising oil production to try to force oil wells in the US out of business. Why? Because they want to control the price of oil in the world.
So when they low ball the US oil wells, and put them out of business. Then they will cut production, and sky rocket the price again. Or at least that is the story.
And it has happened before. I can remember years ago, when oil feel to $25.00 per. Many wells in Texas were capped. To expensive to pump it out.
