GREY:TBTEF - Post by User
Post by
survivor2015on Jun 20, 2016 10:28pm
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Post# 24982268
It's all about oil prices: that's based on supply & demand
It's all about oil prices: that's based on supply & demand
Rig counts are just now starting to hit one green week! It will take 6-12 months to reverse the damage we have seen to production.
You think Chevron and Shell are eager to put a lot of money into investing in Nigeria with the complete turmoil that has "exploded" there? NO! Do you think Shell is about to rebuy the abandoned leases in Artic oil exploration after it has scrapped its $6B investment there? NO Do you think the UK with its $75 per barrel production cost is going to spend a lot replacing aging and costly output declines? NO
Get the facts people. Don't listen to bashing fools! You'll miss the run to 10 cents!