Brent Crude has lost more than 50% of it's price since it's peak. There is every reason to believe those prices will not rise much and the only countries able to produce oil at that price are the major producers of OPEC.
Other countries cannot justify any marketing at all of their oil at these prices. The sale of oil will continue across the spectrum, but, viable companies are those that have established their operations decades ago when infrastructure cost far less than today.
With this trend continuing because of the continued glut into the market for needed cash flow the local economies of the USA will benefit. If they are in need of growth now is the time while energy prices give them room to invest in their own position in any market. I wish the best as the SBA is waiting for them.
Realizing the bad judgement to increase production to float their businesses by owners of Canadian tar sands oil and North Dakota oil producers there is no justification for any more pipelines. There are plenty that already exist and most need to be replaced with new pipe. There is plenty of opportunity for infrastructure projects by government including replacement of these pipelines with newer and better constructed projects.
Other countries cannot justify any marketing at all of their oil at these prices. The sale of oil will continue across the spectrum, but, viable companies are those that have established their operations decades ago when infrastructure cost far less than today.
With this trend continuing because of the continued glut into the market for needed cash flow the local economies of the USA will benefit. If they are in need of growth now is the time while energy prices give them room to invest in their own position in any market. I wish the best as the SBA is waiting for them.
Realizing the bad judgement to increase production to float their businesses by owners of Canadian tar sands oil and North Dakota oil producers there is no justification for any more pipelines. There are plenty that already exist and most need to be replaced with new pipe. There is plenty of opportunity for infrastructure projects by government including replacement of these pipelines with newer and better constructed projects.
