Oil/gas explorers are running scared at the moment......wondering if they will survive 2015 on the small magins left over from a collapsing oil price....but still high expenses.....
I recall that $35 per barrel was required to pay for ongoing expenses to get oil outa the sea.....so nobody is gunna drill and take the risk to get just $10 per barrel in profit anytime soon..
I imagine talk such as.......let the Yanks and the Saudies fight it out.....in 2015.... And we will drill once they stop fighting.....is going on in board rooms at the moment...
So survive 2015 first priority..
Dyor
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Price($) | Vol. | No. |
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