Shale future again and the doctors said its not a dreamEddy in the shale business was phoning banks at 6 am yesterdAY to start up again , quick, loan needed urgent. Monday morning when oil PRICE was still going up. The arabs made the price drop a few hours later so that the banks receiving such inconvenient phone calls could say to their brethren folks - it aint gonna work Eddy , look the price it yoyos too much and the lenders in NY want to see dividends and stuff not just drilling holes. Eddy spit on the ground and said forcefully - we can make some money here, serious. the banker said the lenders wanted to see stability in prices way up there before another nickel is thrown away.
That saudi head guy thinks like that too - he said he wants proof that prices can stay high for a long time. Aides said is 2 months enough Master? the master looked at them and said 'you did not read my words at the conference - I said I want proof not words anymore and only when that happens will I consider the amount of slack I give.
Both the banker and the saudi king agree - this will go for a long time, like half years - we know it will go to the extreme to test the waters but doing it in the oppsite direction of low prices showed us lessons - now we will see in the high end where that leads on the red lush carpet of wealth , massaging feet to the extreme - oil demand will force spikes of terror the same way the negative 40$ was an anxiety pill to relieve happiness.