UPWARD PRESSURE ON OIL Seems by many indications that we could very "well" be headed for a price target of $65.00 WTI into the New Year. I sense we are in the throws of peak oil with the renewables filtering slowly into the markets of transport.
If EW, strikes a rich supply of NG, it would have some strong legs to run in the EU. In many parts of the World NG already is the interim replacement for coal, oil & nuclear power for electric generation. Natural Gas is running at high premiums in Europe (as said ad nausea by many of us).
Yes liquids would thrive in Romania too, given the large imports of petroleum. It's ironic, but in the late 1930's into the 1940's Germany had large petroleum drilling & refinery installations in Romania. It's taken some time to refresh the activity there, but EW could be on the leading edge of a Romanian oil revival.
Sure would be a breath of "Premium NG" grin >> for us diehards, with our fingers crossed (tied together by now) >>> Where in the World is our NIS/EW PR!?