RE: Slight recovery14 Nov 2018 11:18
yep a small bull run to $70 a barrel and i think enq will rise fast. i think oil went up to quick in the first place hover around $70 for a year or two and everyone/company will be happy. i do feel sorry for the big oil producers as they have to keep lowering output because all the minnows are ramping up,, but saying that everyone has to share if their is profit to be made out of a commodity. Just depends how much they are willing to make on each barrel. ramp up and lower oil price, make less per barrel and blow everyone else out of the water or scale back make more per barrel and keep everyone else in business. i know what i will choose