RE:RE:RE:RE:RE:Oilprice.comEIA is saying that record production from US will be seen in 22/23, but we are not seeing the rig count to support that, the labour is not there, the big players are saying they are in a profit taking phase, etc. etc. I just don't see how this will happen?
What tricks do you think Biden has up his sleeve to play next?
churchofnutsacc wrote: In my opinion Eric Nuttall tends to hand wave the issue of American shale. We have to remember that midterms will be this year, and then a general election in a couple of years aft that.
The Democrats simply will not allow the price of gasoline to be an issue. And I need not to even say anything rgarding American shale should the Republicans win back the house.
I am fully invested in O&G right now and $90 oil for any length of time would make me uncomfortable. Weird things tend to happen politically when the price of oil gets out of hand.