Thread regarding Schlumberger Ltd. layoffs

Distinguished.

You are the winner in this pi$$ing contest over frac,fracking,hydraulic injection.

I know the schulemburger employees are proud of you. Lol

Smarty writes :

You can distinguish the people who know what they are talking about from the idiots by how they spell frac.

Kind of a contradiction. Talking and spelling. We only write here. No speakee.

And to the grammar nazi. Yep.

Any my two cents and Drill Baby

The Nazi spell checker. ..... Is a rude troll.

Looks like your a desk jockey. Frac crews,frac pump trucks, frac well formation. Yes it's spelled frac. Lol.

You can distinguish the people who know what they are talking about from the idiots by how they spell frac.

Again, $40 per barrel tariff will rape the consumer. We cannot produce the 20 million a day we need. Put simply, about half our oil would cost double and that means double or better for gas at the pump.

And it is in a different zone from the standard Permian Basin. It talks about how much oil may be there, but nothing of the cost to get it. At our current average $35 per barrel to get, 42 to 44 per barrel to sell doesn't sound very profitable. I would imagine it would need to be over $55 to even start. Not exactly the billions in value as stated. But it does show it's there when the price is right.

1gb1 must know It all.

Read the article.... It's about wolfcamp. formation. You have to drill them before you frac them.

Not drill. Fracking. You know nothing

What if there was a $40 tariff on foreign oil?

Lol..... Just what a drowning industry needs.... More liquid... Drill baby drill.

So there is a huge over supply of oil in the world and a massive amount of extra oil has also been found....do I really need to explain the economics behind all of this?