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Reply #11


Response to Bonhomme Richard (Reply #6)

Wed May 9, 2012, 09:48 AM

11. They will. They cap US oil wells below $100.


Not all, I suppose. But I have always heard that $100 a barrel is the price where they start unplugging all the capped wells in the United States. Apparently, we still have quite a bit of oil in this country. Like most things, it's just cheaper getting it from overseas.

And, of course, it lets us save our oil in the case of future need.


On a more negative note, expect to see an uptick in unemployment. When they cap the wells, they also lay off employees.


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Arrow 26 replies Author Time Post
Omaha Steve May 2012 OP
no_hypocrisy May 2012 #1
lilithsrevenge12 May 2012 #16
muriel_volestrangler May 2012 #19
may3rd Jun 2012 #26
doc03 May 2012 #2
bhikkhu May 2012 #20
global1 May 2012 #3
Garion_55 May 2012 #4
trumad May 2012 #7
mopinko May 2012 #10
AllyCat May 2012 #5
Andy823 May 2012 #18
Bonhomme Richard May 2012 #6
LineLineReply They will. They cap US oil wells below $100.
ieoeja May 2012 #11
cstanleytech May 2012 #13
FailureToCommunicate May 2012 #17
DonCoquixote May 2012 #8
Phoonzang May 2012 #9
Yo_Mama_Been_Loggin May 2012 #12
Woody Woodpecker May 2012 #14
cstanleytech May 2012 #15
bluestateguy May 2012 #21
Warpy May 2012 #22
NickB79 May 2012 #23
NickB79 May 2012 #24
Thrill May 2012 #25
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