Vermilion Energy Inc T.VET

The REAL price of oil

[PipelessPauper]

From a post I made:


“People have no idea what’s coming.... when we run out of DUCs, that’s it. Production drops. 

 

If they didn’t drill any more DUCs in the 70s, why will they suddenly do it at $66?

 

In the 200 years we’ve had oil since it was discovered at oil creek, there’s NEVER been a supply shortfall 

 

We came close in the 70’s, and again in 08, but this has never happened before

The market is gonna ask for the 102nd, 103rd millionth bbl... and we won’t have it

 

Then we’re gonna find out just what the REAL PRICE per bbl is... what will ppl pay when they’re starving, can’t drive for food ??

$200? $400? What’s the price of survival???

 

We don’t know cause THIS HAS NEVER HAPPENED”

[mnztr]

I have an EV, at least i can operate without oil.

[Moemoney42]

Good luck then when you need a new set of tires or new batteries for your EV.. you'll have to hone your wood and stone carving skills.. LMAO

[stockmarket1]

Lmao! That's a good one Moe! Hilarious