stuvian Posted March 11, 2020 Share Posted March 11, 2020 https://www.lewrockwell.com/2020/03/no_author/forget-the-oil-prices-the-whole-us-dollar-bubble-is-deflating/ I don't know the Pegulas holdings but know that their fortune was made in fracking oil. That whole industry could get wiped out if the oil price war between Russia and the Saudis persists. Link to comment Share on other sites More sharing options...
billsfan_34 Posted March 11, 2020 Share Posted March 11, 2020 25 minutes ago, stuvian said: https://www.lewrockwell.com/2020/03/no_author/forget-the-oil-prices-the-whole-us-dollar-bubble-is-deflating/ I don't know the Pegulas holdings but know that their fortune was made in fracking oil. That whole industry could get wiped out if the oil price war between Russia and the Saudis persists. This probably belongs on the politics feed. Also, natural gas out of PA is their cash cow. 3 Link to comment Share on other sites More sharing options...
Mark80 Posted March 11, 2020 Share Posted March 11, 2020 They frack gas, not oil 4 Link to comment Share on other sites More sharing options...
CNYfan Posted March 11, 2020 Share Posted March 11, 2020 Vladimir Vladimirovich is trying to remove US shale producers from global market share. And he is willing to sacrifice his treasury for a few years to do it. Only the strong will survive this attack Link to comment Share on other sites More sharing options...
aristocrat Posted March 11, 2020 Share Posted March 11, 2020 he's in the natural gas industry so he seems alright. Link to comment Share on other sites More sharing options...
SlimShady'sSpaceForce Posted March 11, 2020 Share Posted March 11, 2020 39 minutes ago, stuvian said: https://www.lewrockwell.com/2020/03/no_author/forget-the-oil-prices-the-whole-us-dollar-bubble-is-deflating/ I don't know the Pegulas holdings but know that their fortune was made in fracking oil. That whole industry could get wiped out if the oil price war between Russia and the Saudis persists. I thought that they got out of the fracking business. pun intended Link to comment Share on other sites More sharing options...
Punching Bag Posted March 11, 2020 Share Posted March 11, 2020 Just now, SlimShady'sGhost said: I thought that they got out of the fracking business. pun intended I also thought politics was supposed to out of fracking main page. Link to comment Share on other sites More sharing options...
SlimShady'sSpaceForce Posted March 11, 2020 Share Posted March 11, 2020 21 minutes ago, Limeaid said: I also thought politics was supposed to out of fracking main page. IMO - It only gets political if you make it political The words Russia and Saudi isn't a direct relation to politics. However this could reside on OTW safely 1 Link to comment Share on other sites More sharing options...
PromoTheRobot Posted March 11, 2020 Share Posted March 11, 2020 I think Pegulas sold their gas fracking operation but still have various land holdings. They should be fine. Link to comment Share on other sites More sharing options...
Pine Barrens Mafia Posted March 11, 2020 Share Posted March 11, 2020 Lewrockwell.com quoting RT? Seems legit. Link to comment Share on other sites More sharing options...
MAJBobby Posted March 11, 2020 Share Posted March 11, 2020 I thought most of the money was made on selling the mineral rights and less on the actual fracking Link to comment Share on other sites More sharing options...
BarleyNY Posted March 11, 2020 Share Posted March 11, 2020 6 minutes ago, PromoTheRobot said: I think Pegulas sold their gas fracking operation but still have various land holdings. They should be fine. This was my understanding too. That they largely cashed out to semi-retire as sports team owners. (Now THAT seems like a nice life.) Link to comment Share on other sites More sharing options...
teef Posted March 11, 2020 Share Posted March 11, 2020 that's what scratch off tickets are for. 1 2 Link to comment Share on other sites More sharing options...
PromoTheRobot Posted March 11, 2020 Share Posted March 11, 2020 10 minutes ago, BarleyNY said: This was my understanding too. That they largely cashed out to semi-retire as sports team owners. (Now THAT seems like a nice life.) Other than the fan hatred, yeah. 1 1 Link to comment Share on other sites More sharing options...
Big Turk Posted March 11, 2020 Share Posted March 11, 2020 1 hour ago, CNYfan said: Vladimir Vladimirovich is trying to remove US shale producers from global market share. And he is willing to sacrifice his treasury for a few years to do it. Only the strong will survive this attack Except they will just shut down, wait it out and come back like they did a few years ago when oil prices were down too much to make a profit. Link to comment Share on other sites More sharing options...
PromoTheRobot Posted March 11, 2020 Share Posted March 11, 2020 Just now, Joe in Winslow said: Anyone hating on the pegula family is a fool. Go over to SabreSpace. See how they're holding up. 1 Link to comment Share on other sites More sharing options...
Pine Barrens Mafia Posted March 11, 2020 Share Posted March 11, 2020 1 minute ago, PromoTheRobot said: Go over to SabreSpace. See how they're holding up. I get the animosity over the sabres, but let's face facts: they're the best hope of our teams being in Buffalo and relevant. Link to comment Share on other sites More sharing options...
Ridgewaycynic2013 Posted March 11, 2020 Share Posted March 11, 2020 36 minutes ago, PromoTheRobot said: I think Pegulas sold their gas fracking operation but still have various land holdings. They should be fine. So now if one day Terry is ‘shootin’ at some food, up through the ground might come a bubblin’ crude’! He wins again! ? Link to comment Share on other sites More sharing options...
AlCowlingsTaxiService Posted March 11, 2020 Share Posted March 11, 2020 Perhaps Googling the term fracking might have been helpful before you posted ... carry on 1 Link to comment Share on other sites More sharing options...
SoTier Posted March 11, 2020 Share Posted March 11, 2020 1 hour ago, stuvian said: https://www.lewrockwell.com/2020/03/no_author/forget-the-oil-prices-the-whole-us-dollar-bubble-is-deflating/ I don't know the Pegulas holdings but know that their fortune was made in fracking oil. That whole industry could get wiped out if the oil price war between Russia and the Saudis persists. In this case, just consider the source. Lewrockwell.com has been predicting the collapse of the US dollar -- and consequently, the world economy -- for all of its decades-long existence. It advocates an alternative economic system that's similar to Adam Smith's in Wealth of Nations, which was written in 1776. It supports a return to the gold standard and totally opposes any government intervention in the economy, which makes it a favorite of radical pepper types who hunker down in their bunkers (or would hunker down in their bunkers if they could only get off the internet) waiting for "the end". 1 Link to comment Share on other sites More sharing options...
Recommended Posts