Yes DBW that was view last year. This year we are still not over $50, so years is in fact correct. The mistake is only to look at the supply side the demand needs to be considered. Then look at the Top 20 oil assets due to come on line following cost and contract commitments made at higher prices. You will find that many have looked at mods to increase supply to recover costs in a lower margin world.
There is always one person in a classroom or on a board who everybody dislikes because they are a "know it all". They always think they are right so it is always very rewarding when they are proven wrong.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.