Re:Yellen cites 'potential dangers' in U.S. stock valuations
by altcognito on Wednesday May 06, 2015 @08:09PM
(#9502560)
I think the proof is in the fact that they were letting the oil wells lapse. That being said, it's all academic now that oil prices are recovering.
"Even if oil prices stay low, the Watford City/Williston area may be the last in the region to feel the pain. It is in the “sweet spot” of the Bakken, with the breakeven price for production about $36 a barrel, according to the state."
The Star Tribune hates fracking and is quoting the high number for the region, not the Bakken numbers.