as below/ my coment14 Sep 2016 18:07
Annual investment in oil and gas projects has fallen from $780bn to $450bn over the last two years in an unprecedented collapse, and there is no sign yet of a recovery next year.
me bob.
so a lack of investment in the long run will mean shortages even tho at the moment we have a glut
shortages mean much higher prises,so it's possible that shell shares in the next say 5 years could stand at £5 or even more, as markets are superposed to be looking ahead, if there is a whiff of evidence that at some time in the next 5 years there may be a shortage due to a lack of investment, oil prices will rise passable back to $100 a barrel
so long term, meaning 5 years we may get richer , so what do you think ?