Re: Questions on Diesel vs Gasoline Prices

Posted by kyhayman on January 13, 2005 at 07:33:03 from (205.204.242.23):

In Reply to: Questions on Diesel vs Gasoline Prices posted by Alberta Mike on January 12, 2005 at 17:03:14:

The listings of the breakdowns look like what I am familiar with seeing. My family has been in the oil and gas business for many many years. Since the mid 90's most of the wells are capped. Most of the Kentucky wells are simply not economical to extract at less than $35 a barrel. While oil has been higher than that of late, natural gas shot up in the $9/MCUFT a couple of years ago, lots of small companies sunk lots of big $$ in bringing gas fields on line. Now gas is down in the $5's and these fields have higher fixed cost than that. Put a lot of the independents out.

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