choff wrote:I've been looking at sites claiming fracking costs $1.30 for every $1.00 profit, without high prices and cheap credit the whole thing goes bust. On the upside, the Saudi's can't sustain low prices for any great period without having financial problems themselves.
I occasionally listen to what Jim Rogers has to say about commodities (i'm not an investor but he is interesting to listen to). He says that the natural gas wells don't last nearly as long as they used to... So that 100 years of energy they promised could be a complete fiction.