Another BIG reason why Namibian oil will ...... surge.
From OP:
- "Sheffield: The Biden administration's measure to limit oil and gas drilling on federal lands has started to backfire!"
Plus both China and US are now considering drawing down their strategic reserves. Dumb! With exploration and development curtailed where are they going to get all the oil to replace it all?
Even I thought that those millionaires buying cheap $200 pb oil options way out in the future were out there but now as more stories come in about oil production declining I am not so sure.
So for us, if we have all this oil, Recaf is like those options: a phenomenal bargain!