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Oil price collapse hurting some more than others

Thursday, January 22nd 2015 - 11:36 UTC
Full article 8 comments

U.S. oil and gas rig counts dropped to their lowest level in over four years, falling by an additional 74 units for the week ending on January 16. The lower count provides fresh evidence that low oil prices are forcing drillers to pare back operations and slash spending. Read full article

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  • paulcedron

    “....meaning it wouldn’t even make sense to continue pumping at the most marginal wells, which tend to have extremely low-output. ”

    the dream is over isleters.
    and you thought you were going to be the next dubai...LOL

    Jan 22nd, 2015 - 01:14 pm - Link - Report abuse 0
  • golfcronie

    Post 1
    Our resident oil company executive has spoken LOL And tell us when do you think that Argentina will be self sufficient in energy, bearing in mind it will cost somewhere in the region of US$ 200 billion to develop. We await your comments with bated breath, LOL BOLUDO

    Jan 22nd, 2015 - 06:55 pm - Link - Report abuse 0
  • Briton

    and you thought you were going to be the next dubai..NO!

    YOU Thought You were going to be the owners of the Falkland's and failed.

    Jan 22nd, 2015 - 08:05 pm - Link - Report abuse 0
  • gordo1

    @1 Idiot child!

    ¡Cara de c--o! Have you not noticed that the Falkland Islands territory with NO oil(yet) is already the most prosperous country in South America(per head of population) and has no (present) need for income from oil. And all the risk is carried by the prospecting oil companies NOT by the people of the archipelago.

    Also, it seems to me that my fellow citizens of the islands are far more practical than you think. They are not rubbing their hands in glee YET at the thought of all that potential income - they are very aware of the prevailing market conditions.

    So keep your childish opinions to yourself!

    Jan 22nd, 2015 - 08:21 pm - Link - Report abuse 0
  • Captain Poppy

    He xsounds more and more like stupid, angry Tobi.

    Jan 22nd, 2015 - 10:36 pm - Link - Report abuse 0
  • ilsen

    PenguinCedron is being driven insane with jealousy due to the imminent collapse of Argentina combined with his massive envy of those he claims to despise. The British.
    Funny that when he posts on The Guardian (CIF) pages, he tries so hard to impress, yet his inate frustrations slip through.
    Trés amusing....!

    Jan 23rd, 2015 - 01:18 am - Link - Report abuse 0
  • Skip

    So what, the Falklands don't produce oil....... and?

    .......and I'm waiting.......

    .....still waiting........

    Oh that's right. Nothing changes!

    Jan 23rd, 2015 - 05:40 am - Link - Report abuse 0
  • ChrisR

    “Oil price collapse hurting some more than others”

    Wasn't that the object of the exercise?

    And once the dross of little producers is out of the way, guess what? Back to U$D 100+ per barrel.

    Jan 23rd, 2015 - 11:00 am - Link - Report abuse 0

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