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EC SoDak | I don’t know their breakevens, but I bet it’s not as low as you are thinking. But whether oil is making money isn’t the point, and you’re trying to distract from what the world has already learned, it’s the fundamentals of what happens when you artificially try to control supply on something you aren’t exclusive to. Prices will adjust in a commodity market to where supply and demand meet and costs are near breakeven. Then you basically hover on avg near that intersection with blips every once and a while where you make good money or lose money until you can find equilibrium again on avg. the winners will be the ones who are lower cost producers in a commodity market. The market’s unofficial goal is to snuff out the inefficient high cost players by driving down prices and increasing market share. | |
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What is the market telling us to raise?
