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Linn Energy, LLC Message Board

  • rlp2451 rlp2451 Oct 3, 2011 1:57 PM Flag

    How Long Will the Recession Last?

    Even with miniscule blips of positive information, from where I sit, we are already in a recession (not to put a conspiracy spin on it, but I think some data has been manipulated - I don't know how or which data, just a gut feeling), so the question then becomes - how long will we stay in it? If oil prices go below $70 and stay there - as Jack states clearly - much current production will be halted. What does that do to income (regardless of hedges)? Are there guaranteed delivery amounts that will keep money coming in regardless of the price? If so I would think they would be minute amounts.

    If oil drops to $60 - a possibility, although I don't think it would stay there long - even more production stops.

    Not that long ago (December 2008) it dropped as low as $30 momentarily. What would that do to income streams?

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