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More job losses coming to U.S. shale

Friday, July 24th 2015 - 11:18 UTC
Full article 26 comments

With the recently concluded nuclear deal between Iran and the P5+1 countries, oil prices have already started heading downward on sentiments that Iran's crude oil supply would further contribute to the already rising global supply glut. The economic crisis in Greece, OPEC's high production levels and China's market turmoil have created more pressure on oil prices, making a price rebound look highly unlikely in the near future. Read full article


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  • yankeeboy

    Its hard to compete with the Saudi who can pump down to U$20 to keep market share.
    I am happy to take the short term hit while all the nasty dictators and mid east terrorists see their cash dry up trying to support their country with budgets based on $100 oil.
    Very happy indeed.
    Almost what I would call a win win
    and if we ever need it we know the oil is there

    Jul 24th, 2015 - 01:44 pm - Link - Report abuse 0
  • Idlehands

    I thought this was a strategic bargain between the USA & the Saudis to screw the Russians after their recent sabre rattling. If oil prices drop much more then Russia will be bankrupt.

    Jul 24th, 2015 - 03:23 pm - Link - Report abuse 0
  • Captain Poppy

    I am just happy that the oil is low enough for decent prices at the pump and most of hemorrhoids to Russia and Venezuela. Putting a damper on Vaca Muerta and the Kirchner commies is an added bonus.

    Jul 24th, 2015 - 03:46 pm - Link - Report abuse 0
  • Idlehands

    Hasn't helped me much. It still costs over £100 to fill my tank.

    Jul 24th, 2015 - 03:54 pm - Link - Report abuse 0
  • Captain Poppy

    Depending on the size, that might not be bad. We are at 2.50-ish a gallon and dropping. Actually the job market is been a banner for some time now. If only we can keep the Olympics out we're all set.

    Jul 24th, 2015 - 06:26 pm - Link - Report abuse 0
  • Skip

    The printing press in Venezeula have been working flat out at $50 per barrel. The market exchange rate is now ONE HUNDRED times the official rate.

    If it drops further those printing presses won't be able to cope. It's almost as enjoyable as watching Putin's Neo-fascist empire descend further into being China's vassal.

    Jul 24th, 2015 - 11:59 pm - Link - Report abuse 0
  • DanyBerger

    Meanwhile US enegy sector close to collapse and rip off 1.7m jobs...
    YPF planning to buy 1 billon assets from Petrobras...

    Jul 25th, 2015 - 03:24 pm - Link - Report abuse 0
  • Captain Poppy

    How much do you pay for gas in your country?

    Jul 25th, 2015 - 05:15 pm - Link - Report abuse 0
  • Skip

    “Meanwhile US enegy sector close to collapse”
    What the entire country is going to stop using energy? Highly unlikely.

    “and rip off 1.7m jobs...”
    So 100% of all fracking jobs will disappear? Again highly unlikely.

    “YPF planning to buy 1 billon assets from Petrobras...”
    Plans to buy. When the verb changes to bought then I'll believe it. Again highly unlikely.

    Jul 25th, 2015 - 11:39 pm - Link - Report abuse 0
  • Captain Poppy

    It seems that these trolls from dictocratic countries with tightly controlled economies do not really understand how the world of market based economies work.

    Dani, how much is gas in your country........say, Buenos Aires.......anywhere in BA? Of course, by the liter. Is there still a run on under arm deodorant?

    Jul 26th, 2015 - 03:18 pm - Link - Report abuse 0
  • DanyBerger

    @Captain Poppy

    Can you be more especific “Gas” ???
    Gas to coock, gas GNC for cars, gasoline, Gasoil????

    “do not really understand how the world of market based economies work.”

    Of course I do undertand and that is the reason why I'm a free debt person and you are a chronic debtor.

    Enjoy the party while its last...

    Jul 26th, 2015 - 06:25 pm - Link - Report abuse 0
  • chronic

    Unlike rotting roadkill, America's maket place will adjust and absorb oversupply, relocate resources and adjust prices according. These same type of domestic issues are destroying rotting roadkill and the rotting roadkillians. Inflation barely ticks in the US while rotting roadkill will experience it in the 40-45% range this year.

    Jul 26th, 2015 - 08:19 pm - Link - Report abuse 0
  • Captain Poppy

    My bad danni.....I assumed you have been in yhe USA and you knew the vernacular, I was wrong. So how much is petroff or whatever you call it.....nafta in your least when I get “fuel” when I'm in Buenos
    while you are googling that, how debt do I have as a person? How much is the USA Foreign debt Stevie?

    BTW...........was coock a fraudian slip? You need gas?

    Jul 26th, 2015 - 10:28 pm - Link - Report abuse 0
  • yankeeboy

    NAFTA has gone up 690% since Arg bout YPF while the price of Worldwide oil has plummeted.

    Every year they pump less in the old warn out fields. They used to be able to pay for fuel imports with Soy proceeds but they won't be able to next year.


    Jul 27th, 2015 - 12:28 pm - Link - Report abuse 0
  • DanyBerger

    @Captain Poopy

    I was in US as a tourist long time ago, and I got an empresive vernacular vocabulary...

    I did learn Tacos, Burritos, wasap, Linkear, Updatear, Chekar, Apolichar,Releasear,Taguear, Machar, Parquear, estar ready, Sin rufo, lockear, etc.

    I've asked you about the gas because in Argentina most vehicles use “GNC” (Compressed Natural Gas, Methane).

    You claim to know Argentina and you don't know this?????

    Argentina has the largest greener CNG run vehicles in the west and also is leader exporter of CNG technology including to US and Europe followed by Brazil.

    M3 $5,70 CNG
    NS $13 L

    US debt External: 17 trillons US dollars and growing faster mate.

    Do yo have any other question?

    Jul 27th, 2015 - 02:01 pm - Link - Report abuse 0
  • yankeeboy

    And Argentina has never imported more Nat Gas than they did this year and the trend for internally produced gas is plummeting.
    It doesn't look like VM is going to be the Rg saviour
    That makes me happy.

    Jul 27th, 2015 - 02:25 pm - Link - Report abuse 0
  • Captain Poppy

    A long time 1942? 1952, 1972...1992? You talk like a juvenile, even your insults about Mexicans are juvenile.

    Most...bullshit........Spew the bullshit to others like Enrique about Argentina.....I am there and often enough. I can smell your shit you spew from here across the Atlantic. Every car I rent when I am there is in laws cars, even the new toyota is GASOLINE. There is a GASOLINE station on every corner.

    Jul 27th, 2015 - 08:14 pm - Link - Report abuse 0
  • DanyBerger

    @Captain Poppy

    can you see?

    Your knowledge about Argentina is just superficial base on your personal experience as tourist, from friends living into a bubble, shity media and so on.

    Here you have a study made by US Department of Energy's for its program “Clean Cities program.”, etc.

    The information is pretty old (At least about ARG) because DATA is from 2009 but anyway serves to show you that what I said was totaly true

    as always of course...

    Here the study

    In that PDF you will find that Argentina is the country more developed into NGVs (Natural Gas Vehicles) in the western world and lets say 30

    years technologicaly a head of US.

    In the west the top five countries with more NGVs are:


    To have a picture of how US is in this sector Bolivia doubles US in NGVs.

    Argentina has 1 million more NGVs than the whole Europe plus Russia.

    Jul 27th, 2015 - 10:58 pm - Link - Report abuse 0
  • yankeeboy

    Back up a bit, they started with CNG because they thought they'd never run out of Nat Gas.
    Alas the fields are running dry.
    VM is a total failure
    and they've never imported more Nat Gas than they did in the last year
    and Arg buys on the “spot” market paying U$14-16 while in the US we pay $2-3.

    You can't afford Nat Gas or Refined oil with Soy export next year

    I hope you have a bike.

    Jul 28th, 2015 - 02:06 am - Link - Report abuse 0
  • Captain Poppy

    Dani one thing I will say for you, you are persistent. You have a lot more in common with tobi than I originally thought.

    As for years technologically ahead of the USA, that's priceless......up there the China the new economic leader of the world. Next you will be spewing about your friends at ISIL.

    Anyway great for Argentina if they do convert, someone needs to be importing that CNG. BTW, do you know how many CNG filling stations are in the province of BA?

    So how much do you pay for gas for your car? I suggest you visit first hand the country you jerk off over. Of course, you wouldn't believe your eyes anyway.

    Jul 28th, 2015 - 10:47 am - Link - Report abuse 0
  • DanyBerger

    @Captain Poppy

    “do you know how many CNG filling stations are in the province of BA?”

    A lot more tha 2000 refueling stations across the nation the biggest in the world followed by Brazil, Italy and Germany in the west...

    Some Reistered with ENERGAS here that you can count if you like from BA

    Its is easy to convert any car running with gasoline or NAFTA to a CNG, the problem for some countries is that they don't count with the expensive infrastucture (refueling stations), etc.

    But there 2 solutions quite cheap but may be has some legislation, etc problem dependin on the country.

    1-There is a mini compressor that you can uses to turn Natual Gas (Methane) into CNG.

    Methane gas when compressed turn into liquid like the gas into a bottle Gas, gas cilinder, etc.

    This is called GPL like what you use to refill a lighter for example.

    The problem is that can be dangerous doing this at home if you don have your gas piper in good condition, etc.

    2-The directly use of a bottle gas using the especial regulator, etc. (CNG kit) and getting the gas directly it that already has been turned into liquifed methane.

    With a big bottle of gas of 45kg a SUV or pickup or a 6 cilinders vehicle can make more than 400km with one of this...

    Jul 28th, 2015 - 05:12 pm - Link - Report abuse 0
  • Captain Poppy

    So all this just to avoid answering how much you pay for gasoline? Maybe this is why Argentina's natural gas imports rose 74% to 28.4 million cubic meters/d in March, no? For a European, you sure love supporting them. As I've always said, I've no axe to grind with Argentina or it's people. I always enjoy my travels. BTW........ever see those ships stacked waiting for payment?

    Anyway, I've been around Argentina, more then you. I've never seen them. I'm sure they are around but I've never seen then. They undoubtedly converted under the believe shale was on the way.

    Jul 28th, 2015 - 08:38 pm - Link - Report abuse 0
  • DanyBerger

    @Captain Poppy

    1- “So all this just to avoid answering how much you pay for gasoline?” ??????????????????

    I've answered you in post # 15 DanyBerger (#) Jul 27th, 2015 - 02:01 pm

    2-Very difficult to don't see the CNG refueling stations becasue simply they are everywhere.

    Have you ever seen a “taxi” or mini cabs in a refueling station????

    80% of taxis and micabs use CNG.

    CNG in Recoleta

    CNG Palermo, Figueroa Alcorta 1 block from B. Parque

    CNG Palermo Córdoba y salguero

    So as you can see your tale about that you know Argentina or Buenos Aires it is very doubious at least...

    Imagine someone saying that he knows USA but he never saw Mcdonald's or Walmart around...

    Jul 29th, 2015 - 09:07 am - Link - Report abuse 0
  • yankeeboy

    Back when I was living in BA my driver wanted me to convert my car to CNG, I said no, first because the lines of people waiting to get their car filled was sometimes a block long, and second I said the cheap rates won't last very much longer because Argentina is running out of its Nat Gas.
    I was right
    as usual

    Jul 29th, 2015 - 11:43 am - Link - Report abuse 0
  • Captain Poppy

    I know that Recoletta station well on Paraguay. I say the same thing.....I never noticed a CNG pump. I am not saying it is not there, I never noticed it. It's not like a S&D patrol when I am in Argentina looking for things to post here.

    M3 $5,70 CNG
    NS $13 L

    There are always lines even with gas opposed to CNG. Though I do like that the Argies pump it for you, like on the Jersey pike. Ever ride in one of those taxis YB? They are like a tin tuna can. I as so used to doors on cars in the USA when I shot one that last time there I thought the cabbie was going to shoot me.

    Jul 29th, 2015 - 01:04 pm - Link - Report abuse 0
  • DanyBerger


    Lying again, what car idiot?

    You have said in another post that you were in Argentina doing the “wetback trick” as illegal and also you recognised tha you can't buy anything like properties and less a car due to your ethernal illegal status.

    In one of your post long time ago you have said that the car was owned by your chauffeur, etc.

    Are you running out of imagination to keep lying???

    Stop lying pleaseeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee

    Jul 29th, 2015 - 01:12 pm - Link - Report abuse 0

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