RE:RE:RE:Three words for the Bears: Saudi Aramco IPObago wrote: You are right, nothing is that simple. This will take time and it may be a quick jump but it may come slowly. Nigeria talking offsetting any OPEC move but really that's also not that simple and either is the Libya issue. The market changes sentiment in an instant and all we can do is try our best to stay abreast of what's coming down and that's not simple either. My outlook is simple to me that the lack of investment will have a huge effect on supply and demand is relentless even if it slows at lower pace. Not sure when my simple plan will affect the oil price but I believe it will....mgba
https://www.thisdaylive.com/index.php/2016/10/04/nigerias-projected-increase-in-oil-output-to-offset-opecs-proposed-cuts/
Agree bago, locked down wells, no new sites being drilled, this will help add fuel to any oil price increase , just good rational and sound reasoning. It's one slice of the pie