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fishhooked posted:~$50 a barrel of oil seems to be really hurting our downstream arm of business at my engineering firm. I'm curious if this is all over or if it's just my firms ineptitude to win jobs. The more downstream you are, the more insulated you are from price shocks. It takes a little while to propagate. That said, everyone is hurting right now and there is industry concern that we are going to double dip on this thing as US producers were over eager to turn the pumps back on. Fracking is still profitable, just on select acreage. Folks have consolidated into the Permian and slowed down elsewhere. The downturn kind of pulled back the curtain on peoples breakeven prices which were highly speculative, and as it turned out highly variable.
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Mar 15, 2017 20:20
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| # ¿ May 21, 2024 10:18 |
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