RE: Rathlin's Caroline Foster28 Sep 2021 16:03
I can actually see Wressle producing 2000 BOPD and Oil prices going well above 100 $ / Barrel.
Current rates are choked back and I see them going much higher. We could be looking at £20,000,000 net profit for Union Jack around 2022/2023
I have said I think oil will keep rising many times. Now Goldman Sachs & JP Morgan also say the only way is up with a 100 dollar super spike .
I guess covid has been good for the OPEC monthly meeting with a rubber stamp and cheerio.
There are shortages of everything food, energy, housing globally and these are all government issues. They are scared to tweak rates so things will just keep running away.