ROCKMAN do you happen to know how much fracking was going on in 2009 when prices were low compared to 2011-2014?
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
Benchmark Brent crude was last down $1.86 at $51.25 a barrel, after falling to $50.96, its lowest since May 2009. U.S. crude was down $2.16 at $47.88 after plumbing an April 2009 low at $47.74.
"I think the likelihood of seeing $46 to $45 is quite likely,'' Phillip Streible, senior market strategist at RJO Futures in Chicago, said. "People, I think, are further understanding that the U.S. is becoming a powerhouse in creating crude oil and that's not going to change anytime soon.''
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