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daily 08/15/2015

  • tags: oil

    • That screeching was the price of oil cracking — to under $45 a barrel from more than $100 a barrel last summer. After a brief revival in the spring, the benchmark American price has swooned again by more than 25 percent, plunging this week to a new low since the recession.

       

    • well
      • Supply and demand
    • His family farms had five oil and gas wells that earned monthly checks worth $50,000 just a year ago, but they now earn one-tenth as much because of the decline in prices and well production.
      • Did people know what per barrel price would kill production?
    • Another Eagle Ford producer, Linn Energy, an energy producing partnership structured as a limited liability company, stunned Wall Street recently by announcing its intention to suspend payments to investors to conserve cash
    • write down field assets that are used as collateral for loans.
    • sell to the strong.
      • As ever, Exxon will win
    • year
      • they will soon see diminishing returns on these wells
  • tags: amazon

Posted from Diigo. The rest of my favorite links are here.

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