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IWETHEY Home / IWETHEY Board / Money, Financials, and Economics Forum / Deep but not bottomless
Post #406,795
by pwhysall
Picture of pwhysall
12/8/15 1:44:49 AM
12/8/15 1:46:09 AM
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New Deep but not bottomless
And they have high, high running costs.

There was an article about that - basically discussing what the price of oil needs to be for SA to maintain their practice of buying their populace (massive oversimplification: there's basically no jobs outside the oil industry, so the gubmint pays people to do fuck-all; it's that or REVOLUTION). ISTR the break-even price was something like $50/barrel.

I'll see if I can find it.

Edit 1: promising search
Collapse Edited by pwhysall Dec. 8, 2015, 01:46:09 AM EST
Deep but not bottomless
And they have high, high running costs.

There was an article about that - basically discussing what the price of oil needs to be for SA to maintain their practice of buying their populace (massive oversimplification: there's basically no jobs outside the oil industry, so the gubmint pays people to do fuck-all; it's that or REVOLUTION). ISTR the break-even price was something like $50/barrel.

I'll see if I can find it.
Collapse All History
     OPEC can't agree. Oil predicted to fall to $20. - (Another Scott) - (2) - Dec. 6, 2015, 11:41:03 PM EST
         Killing off shale and tar sand operators is in the mix too. - (a6l6e6x) - (1) - Dec. 7, 2015, 09:08:07 AM EST
             Deep but not bottomless - (pwhysall) - Dec. 8, 2015, 01:46:09 AM EST

Plumbing is not coding. There is no concept of rolling back the previously saved version of the house.
92 ms