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<p>[QUOTE=&quot;medoraman, post: 2215588, member: 26302&quot;]Yeah, that is the concern. I do not think enough people are taking into account the very short life of fracked wells versus traditional ones. Old wells could last 30-40 years, fracked wells last a few years. I simply believe this surge in oil will calm down, and with the rest of the world decreasing available export supply put new pressure on prices upwards. Mike, you know I am not any commodity &quot;Peak&quot; anything, but I am simply viewing cheap oil as somewhat temporary, (2-3 years), and going back to higher prices. As such, I am looking at putting some pm away at reasonable prices right now. Problem is, the premiums are still high. Hopefully they retreat in the upcoming months.[/QUOTE]</p><p><br /></p>

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