Good people like you, LOL, what an ugly loser. If Budda produces losers like you that insult people you don't even know, or, wish them financial harm, it must be one awful religion.
They have to live within their means and slowly chisel away the mountain of debt. Asset sales and no meaningful reduction in debt is not working. Think they know this. Need to hope for a recovery soon, sell asset they can't afford to exploit and pay off debt with the proceeds rather than fund capex. They used to think they could drill out of their problems, that is no longer a viable option.
The only idiot here is you, anyone that thrives insulting people you don't know is the idiot/loser. You must have a most meager existence if your only self esteem is derived from your post on a message board. LOL
You are dead on, Saudis are our only true ally, but they would dump us in a New York second if they could. The middle east is scary and could be WWIII if the hot heads prevail. The world should take them all out and screw the oil, as the oil has been the sole reason for the hate for decades.
Yup, think what is interesting when our CEO was interview by the Squawk Box folks, he said twice there was some very powerful forces that would cause oil to go up dramatically. I believe that also, Saudis want to see consolidation/BK's to balance the market. Other powerful forces/unrest could also cause the up lift in price.
And yes they will soon, soon may be in six months when low pricing has taken it's toll, but much long will take it's toll on the Saudis and the cartel.
Think 50 oil is a given 2016 and 60 oil is doable. Look at capex for most companies 2015/2016 this will create significant reductions in output by 500,000 to 1 million barrels a day here in the US. Think oil is putting in a bottom here.
The British government on Wednesday announced plans to shutter all coal-fired power plants in the country by 2025, phasing them out with tighter restrictions two years before that.
The move, which positions the United Kingdom as a leader in reducing carbon emissions, comes ahead of the COP21 climate talks in Paris that begin Nov. 30.
"It cannot be satisfactory for an advanced economy like the U.K. to be relying on polluting, carbon intensive 50-year-old coal-fired power stations," Amber Rudd, the energy and climate change secretary, said in a statement. "Let me be clear: this is not the future."
The news marks yet another defeat for coal, which is already losing its power within the fossil fuel industry. In the United States, the coal business has been in decline for decades. Over the last year, a burgeoning movement among institutions and municipal governments to divest endowments and pension funds from the coal industry has gained steam. Now, even big banks and lenders -- once drawn to coal's ubiquity and swelling demand for coal in China -- are souring on the fuel.
Coal use has decreased in Britain, too. Electricity produced by coal fell 23 percent last year, according to data from the country's Department of Energy and Climate Change.
Still, the move to shutter all coal-burning plants by 2025 could be hasty, considering the nuclear projects meant to replace them aren't scheduled to begin operating until that year.
What does this have to do with ERF???? You are right when you say "don't listen to me", as I just put you on ignore, LOL