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re: U.S. Energy Secretary: Shale Could Boost Production Even at $50 Oil

Posted on 3/10/25 at 7:47 pm to ragincajun03
Posted by DaBike
Member since Jan 2008
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Posted on 3/10/25 at 7:47 pm to ragincajun03
Wright is undoubtedly an industry leader. However, if oil prices fall to the $50 range, producers will likely reduce the number of active rigs, leading to a slowdown in production. Many producers are already planning to scale back their operations if oil prices decrease to that level.
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Posted by Motownsix
NOLA
Member since Oct 2022
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Posted on 3/10/25 at 8:25 pm to CitizenK
This might be the most sane U.S. Oil and Gas thread I’ve ever seen on any board on Tiger Droppings. I don’t miss the days of simping for foreign cheap oil and calling it energy independence.
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Posted by Tmcgin
BATON ROUGE
Member since Jun 2010
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Posted on 3/10/25 at 8:44 pm to Motownsix
Oil price goes low production slows and south of Lafayette economy sucks
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