Brent Crude and WTI.Hi,
Looking ahead.
Price differential between brent crude and WTI.
There has not been a lot of drilling in last 10 months.
North dakota bakken. Midwest.
Production output from the bakkens can't be like last years production.
They can't drill right now (expensive). At least not like before.
Question:
Who is ready to replace lost production for that area?
Mabey price differential between brent crude and WTI will narrow.
I thinking in a year or 2 this is could be good for Surge and other oil plays.
Set your position now, and wait a couple years.
Any thoughts
GLE