Thank you but contrary to your views I am not a deluded imbecile and I do not appreciate being referred to as that, here or anywhere else. In fact I am based in Bahrain and have many Saudi Aramco contacts, plus am in the oil industry myself at director level. I suspect that in fact you may well have been reading too many oil scribes who claim to know but actually don't. As to tight oil no it won't collapse but its not as healthy as you imply. Its big problem will be 2018 when the gas… Read More
So you are making a guess. Most media published break even prices are estimates and from these estimates some blunt calculations are being used to extrapolate into the future. So nobody knows anything to a very high degree of accuracy.
This doesn't substantiate any claim for a collapse in US tight oil. Indeed, we have had a two year experiment in which Saudia Arabia has tried and failed to collapse US tight oil.
What we do know is that US tight oil is not going to disappear and it will… Read More
Gambier its been on here for several months now exactly where US shale is. In a nutshell 30% of it needs $45-50 30% needs $50-60 and 40% needs $70+ and its not helped by a lack of pipelines (Permian Texas excepted) to the main refineries. Also it does by its very nature have 10%-15% condensate in it which gives most refineries a further headache as they need to buy Saudi blend to get rid of that. As to your financial question a lot of the US shale producers were able to sell forward… Read More
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.