Signs of the Apocalypse, Oilfield Style
Category: Oil & Gas...
Posted Sunday, January 01, 2006 at 06:01 PM [GMT-6]

I could have also titled this post, "Quotes I never thought I'd see in my lifetime." To wit...

Producers, he continued, can live with the increased costs "if natural gas stays at $11 and oil at $55-60 a barrel. If oil falls to $45 and gas to even $7 or $8, you'll see a shudder go through the industry.

Source: Independent oilman Bob Landreth in today's Midland Reporter-Telegram

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