Long Run Explor Ltd Ord WFREF

Oil glut

[Oilworker2015]

I would encourage everybody to go to the EIA and look at US oil production per day 12.34 million bpd then look at proven oil reserves 36.52 billion . Then just do the math if you are unsure about your investment in oil. US tight oil accounts for 10 billion of that, so feel free to speculate how long the shale boom will last.

[peplare]

I see you just joined and this is your first post and a ridiculous one at that.

[lovetheoilpatch]

Soumds like only 9 years or so of reserves. ...that dont soumd correct

[Oilworker2015]

Not my numbers but the EIA just putting the situation in perspective