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The North Dakota Crude Oil Worth Almost Nothing

Ksushka7

Fri, Jan 22, 2016 6:28 PM

Flint Hills values North Dakota Sour crude at $1.50 a barrel

http://www.bloomberg.com/news/articles/2016-01-18/the-north-dakota-crude-oil-that-s-worth-less-than-nothing

Comments: 1

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Discuss this Post

justDoIt

Sat, Jan 23, 2016 4:51 PM

OPEC is cranking up output to drive down prices. They admit that it is to drive the shale oil businesses out of business. It's kind of sad to think about owning an oil well and not being able to cash in on it - not in your lifetime. So I guess this is why the GOP will want to start another war in the middle east soon and drive oil prices way up so they can go back to singing ka ching.