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Rexahn Pharmaceuticals, Inc. Message Board

ofir_menkes 41 posts  |  Last Activity: Mar 27, 2015 11:26 AM Member since: Jul 27, 2008
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  • ofir_menkes ofir_menkes Sep 29, 2014 1:56 PM Flag

    I think you need to recheck your numbers. I think the u.s is now producing over 8 million bpd, which is a
    large increase from 5 years ago. the problem with the shale production (which is almost all the increase)
    is that it is not a very durable production. production falls well over 50% in the first year. if prices stay for
    long bellow 85-90, capex will not go to drill and within a year the production number will stop climbing
    and maybe go down a bit. shale is a very expensive proposition. unless you are required by the lease
    agreement to drill, why would you if the price is bellow 85-90?
    Anyway, that is only my opinion.

RNN
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