Oil could take another dive

While I know many are getting hosed with the fracking business and such, (of which I know little about) my pickup get's crummy mileage, so I'm all for it.:smt038

 

It's hurting us pretty bad. Pipe really needs to pick up again, right soon!

 

Whatever it is that goes to the drill site. I can't tell one pipe from another, I'm a steel hauler!

 

No frac string that I've seen on any of our trucks. So I guess we just haul the drill and casing stuff. Plus the municipal nat. gas stuff and ocassional water line stuff. it ALL running slow these days.

 

Looks like I will have to pack up an hit the highway soon doing Otr work.
Frac sand hauling has almost come to a stop.

 

Don't be surprised if the spot price of oil drops to $30 in the near future.
It's easy to figure out why. Production is still up and the US has doubled its oil output in only 7 yrs.
The main problem is this country is rapidly running out of oil STORAGE.
The oil experts predict that by June it could get real ugly. This glut won't last forever, but it could last a year or more.
It will be interesting how it will pan out.

 

What your calling Frac string is tubing. It is usually 2 7/8" and is used to clean out the well bore after the frac, it doesn't stay in the ground. Most tubing work is done by a coiled tubing crew anymore although that is expensive and probably going to come to a halt as well. The actual fraccing is done thru the production casing and doesn't have any other pipe put in the well. You could be talking about sucker rod tho which is inserted into oil wells after they have been cleaned out and is connected to the pump jack in order to suck the oil out of the ground.