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<blockquote data-quote="Davy Crockett" data-source="post: 46880" data-attributes="member: 367"><p>Saudi's have a 40 dollar per Bbl Head start on us because their production overhead costs are that much lower plus they have bunches and bunches more of this cheap oil than the richest Bakken companies will dream of. Right now the Bakken is holding on by a shoestring, You will still see production but eventually the money will give out at these prices. Saudi's recently bumped up their production by "Half a Bakken" If Bakken players can still afford to they should shut her down and go fishing. Almost all will hold on till the bitter end. I'll go out on a limb and say It will take a war to bring the price back up , History repeats itself and the oilfield isn't exempt , If anything it's more defined.</p></blockquote><p></p>
[QUOTE="Davy Crockett, post: 46880, member: 367"] Saudi's have a 40 dollar per Bbl Head start on us because their production overhead costs are that much lower plus they have bunches and bunches more of this cheap oil than the richest Bakken companies will dream of. Right now the Bakken is holding on by a shoestring, You will still see production but eventually the money will give out at these prices. Saudi's recently bumped up their production by "Half a Bakken" If Bakken players can still afford to they should shut her down and go fishing. Almost all will hold on till the bitter end. I'll go out on a limb and say It will take a war to bring the price back up , History repeats itself and the oilfield isn't exempt , If anything it's more defined. [/QUOTE]
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