Shale Capacity, lol25 May 2018 16:05
.... IF BP big wigs are right and shale is gonna explode again then we could see oil back to 60s.
Sitting, Oil capacity has nearly reached its limit in the permian, pipelines can hardly carry any more then what they are at the moment , thats Bullshit.
Do you really think OPEC would be talking about increasing output if they thought Shale was going to explode even more? ....ITs complete nonsense to say Shale will send oil back to the 60's ...LOL..... The market has already been down that road twice now, they going to milk a 3rd time just in time before Amaraco IPO, I doubt it, and if they do, OPEC will just lower output
This summer we have
-Hurricane Season
-Driving Season
-Iran Sanctions
-Iran vs Israel Possible conflict
-Lack of Investment from 3 years ago JUST KICKING IN as DEPLETION RATES from wells 3 years ago starts happening now
Oil going ONE WAY, Too $100, Except for a major market crash