Jump in the Oil game!

Here's something to consider; Saudi Arabia Royal Family has vowed to bankrupt America's frac business because it's cutting into their profits. They say once oil drops below $50 a barrel, fracking companies will start shutting down. This is why OPEC has refused to lower production; they want the market flooded with cheap oil.

 

Do you have someone to lease you a Pneumatic trailer? If not, nobody is really hiring right now because the Trailers the companies are buying arent coming in til after February and then they may look into some Owner Operators. Im down in Dilley Texas in the sand business right now

 

Alot of them want Tractor and trailer.The Sand side can get trucks but not the trailers and most arent hiring company drivers till after 1st of the year. There are some places that are hiring Cement haulers right now between San Antonio and South Texas

 

Profits can start pretty quick if you dont have alot of Overhead.40-50 thousand dollar tractor and 50-70thousand trailer?? Progit can start right away just pay off your debts as soon as possible because it can end any time but its predicted that there is 10-15 years of work in the Eagle-Shale(South Texas)

 

5 years too late and a dollar short... consolidation phase has begun, where many companies get bought out, go bankrupt, and disappear.

The US government can do NOTHING about the Saudi royal family... They want the price below $60 it will be, they want it below $50 it will be... They are even selling Brent crude to the US refineries at a 25% discount, off current market price, while charging Russia and china full price. We will NEVER see $1.00b gasoline due to the state and federal taxes.

Those who refuse to learn from history, will repeat the disastrous outcome again.

 

Well just a short drop in oil prices and panic attacks exist,,the smart ones put a little away and will survive,,many jumb in during booms few survive,,many jumped in to the frac boom and other booms,,few lasted because they could not or would not work all the hours when "the fish were bitting"
Should have put money away for the slow times..there will be a shake out and those that were smart will be there tomorrow,,for the others look for the next boom somewhere,