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re: Oil stocks...are you buying?
Posted on 2/2/16 at 8:28 pm to Grits N Shrimp
Posted on 2/2/16 at 8:28 pm to Grits N Shrimp
quote:
Who cares if the population is growing if the rate and efficiency at which they pull oil out of the earth is increasing just as fast?
Efficiency is probably growing even faster right now due to economic motivation. I watched an oil expert on CSPAN that indicated every oil downturn produces significant technology advances in oil production. He said the better frakers would soon be making money at $20-$30 oil.
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