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re: Oil Field Rumblings
Posted on 11/10/16 at 4:06 pm to TigerFred
Posted on 11/10/16 at 4:06 pm to TigerFred
Nailed it. This is basically just pure speculation based on the Trump win.
Trump doesn't change supply and demand. We have too much supply or not enough demand at the moment, even if you rescinded every regulation on the book, that isn't going to change.
People are though trying to beat any potential rush on projects that will come to fruition more than two years from now. The Trump win ensures there won't be a moratorium on drilling, so there is less uncertainty in getting bids for long term projects.
Trump doesn't change supply and demand. We have too much supply or not enough demand at the moment, even if you rescinded every regulation on the book, that isn't going to change.
People are though trying to beat any potential rush on projects that will come to fruition more than two years from now. The Trump win ensures there won't be a moratorium on drilling, so there is less uncertainty in getting bids for long term projects.
Posted on 11/10/16 at 4:09 pm to CorporateTiger
quote:
People are though trying to beat any potential rush on projects that will come to fruition more than two years from now. The Trump win ensures there won't be a moratorium on drilling, so there is less uncertainty in getting bids for long term projects.
This is my assumption as well. Although, there have been some bids requested for long term projects.
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