How low will the price of a barrel of oil go?

[Ilsa]

WTI crude is at $78, futures are at $76, and the cost of fracking is believed to be about $62/barrel.

Will the price go low enough to dissuade fracking? How will this affect Keystone XL?

[belzabubba333]

1. i heard 50 $ a bbl

[misterhighwasted]

2. Money Channel all smiles today with oil talk.

Saying Cuomo will have no choice but to end the fracking ban & they doubt they will even need the legislature to approve that.nor the Keystone XL.
Oil spiked over $2 pr bbl this morn, settling a bit lower.

Sounds to me like the plans have been already in place, & the only thing delaying the Koch & Oil Cos from mov9ng forward was the pesky Dem balance.
Guess they took care of that matter & are well on their fracking way.
It will happen & we have nothing to say.
They also spoke with excitement about selling US oil p& regulations will be no problem to bypass.

The Kochs bought their own government last night.
They are free to mow down this Nation if they want to.
Money Channel has been talking about it all afternoon.

[karadax]

3. I doubt fracking is going to stop.

The country seems to be moving towards embracing natural gas over dirtier energy such as coal. Fracking seems a necessary step to continue the transition to cleaner fuels.

[Gothmog]

4. The Eagle Ford Shale play is economical at $55 a barrel