Gear Energy Ltd T.GXE

Longer term problem

[tylerreddick]

If Trump's claim that he will increase US oil production further isn't just another one of his endless lies, that will no doubt pressure prices, and Canadian prices even more so.

The reality is that the Permian, what may be the last major oil discovery in the US, appears to be struggling to continue the parabolic rise in output. Most of the best locations have been drilled, and existing wells will get more gassy as time goes on.

So the future for oil prices is foggy at best, but we know that inefficient operators with miniscule production will suffer the most.

[pierrelebel]

tylerreddick "... Trump's claim that he will increase US oil production further..." Not quite.  Trump cannot increase production.  He would not know how to use his hands to do the work or his brain to plan the well. Only oil producers can actually increase production and most of them (in the USA and Canada) have made it clear they do not intend to do so.

[tallpaul]

Bonjour Pierre I think we all know that when a polician says "they" are going to do something, we know that they mean they will put the policies in place to make these things happen, and not actually do it themsleves. Trump likes to make it sound like it is HIM doing it (because he has insufferably large ego) but we all know that he means that he, and his team, will create the polcies