RE:RE:RE:WTI $95 tomorrow?liljohnnyjoke wrote: if WTI is $95-100 by month end (especially with no supply disruption) it will be almost certainty for a fed rate hike on Nov 1 of .25 at least, then sell off of the broader market on recession fears once again.
Sounds like by the time Venezuala is back up to full speed Exxon will have its massive finds in Guyana (which Venezuala say is theirs) on line. Suriname is flush with oil waiting to come on production as well.
It will be Decades before Venezuala has any meaningfull production. I have shut in wells and facilities in Alberta and come back in a couple years to start them back up and its a pia, all sorts of issues. Never mind stuff shut in for years in the middle of the jungle. If I need something I run to my spuuly store or pick up the phone and get the services out I need. Aint happening there.