Posted 2/29/2016 18:13 (#5145956 - in reply to #5145651) Subject: RE:Is it technology or just a cost of production reset.
Death comes to us all. Life's but a walking shadow
What's the cost of production of corn when fertilizer is $600/ton, seed $300/bag and landrent $350/A? When fert. is $350/ton, seed $160/bag & land rent $200?
What's the COP of oil when 9 out 10 drill rigs sit idle, leases can be had for 10 cent on the dollar and there are ten roughnecks for every job?