stuvian Posted March 11, 2020 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.
billsfan_34 Posted March 11, 2020 Posted March 11, 2020 On 3/11/2020 at 10:38 AM, 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. Expand This probably belongs on the politics feed. Also, natural gas out of PA is their cash cow. 3
CNYfan Posted March 11, 2020 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
aristocrat Posted March 11, 2020 Posted March 11, 2020 he's in the natural gas industry so he seems alright.
SlimShady'sSpaceForce Posted March 11, 2020 Posted March 11, 2020 On 3/11/2020 at 10:38 AM, 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. Expand I thought that they got out of the fracking business. pun intended
Saxum Posted March 11, 2020 Posted March 11, 2020 On 3/11/2020 at 11:18 AM, SlimShady'sGhost said: I thought that they got out of the fracking business. pun intended Expand I also thought politics was supposed to out of fracking main page.
SlimShady'sSpaceForce Posted March 11, 2020 Posted March 11, 2020 On 3/11/2020 at 11:19 AM, Limeaid said: I also thought politics was supposed to out of fracking main page. Expand 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
PromoTheRobot Posted March 11, 2020 Posted March 11, 2020 I think Pegulas sold their gas fracking operation but still have various land holdings. They should be fine.
Pine Barrens Mafia Posted March 11, 2020 Posted March 11, 2020 Lewrockwell.com quoting RT? Seems legit.
MAJBobby Posted March 11, 2020 Posted March 11, 2020 I thought most of the money was made on selling the mineral rights and less on the actual fracking
BarleyNY Posted March 11, 2020 Posted March 11, 2020 On 3/11/2020 at 11:44 AM, PromoTheRobot said: I think Pegulas sold their gas fracking operation but still have various land holdings. They should be fine. Expand This was my understanding too. That they largely cashed out to semi-retire as sports team owners. (Now THAT seems like a nice life.)
PromoTheRobot Posted March 11, 2020 Posted March 11, 2020 On 3/11/2020 at 11:52 AM, 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.) Expand Other than the fan hatred, yeah. 1 1
Big Turk Posted March 11, 2020 Posted March 11, 2020 On 3/11/2020 at 11:07 AM, 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 Expand 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.
PromoTheRobot Posted March 11, 2020 Posted March 11, 2020 On 3/11/2020 at 12:16 PM, Joe in Winslow said: Anyone hating on the pegula family is a fool. Expand Go over to SabreSpace. See how they're holding up. 1
Pine Barrens Mafia Posted March 11, 2020 Posted March 11, 2020 On 3/11/2020 at 12:18 PM, PromoTheRobot said: Go over to SabreSpace. See how they're holding up. Expand 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.
Ridgewaycynic2013 Posted March 11, 2020 Posted March 11, 2020 On 3/11/2020 at 11:44 AM, PromoTheRobot said: I think Pegulas sold their gas fracking operation but still have various land holdings. They should be fine. Expand So now if one day Terry is ‘shootin’ at some food, up through the ground might come a bubblin’ crude’! He wins again! ?
AlCowlingsTaxiService Posted March 11, 2020 Posted March 11, 2020 Perhaps Googling the term fracking might have been helpful before you posted ... carry on 1
SoTier Posted March 11, 2020 Posted March 11, 2020 On 3/11/2020 at 10:38 AM, 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. Expand 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
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