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re: Oil over $60 now
Posted on 12/29/17 at 9:25 am to tigerpawl
Posted on 12/29/17 at 9:25 am to tigerpawl
US rig count bottomed out Sept of last year I thought. Been mostly rising since then to more than 900 rigs now. I could be wrong, I'm not so familiar with us rig activity.
ETA - I expect some posters to come in explaining the oil price changes with precise economic, financial, and geopolitical analyses. We are all very good at explaining what were observe, but suck arse at predicting it.
ETA - I expect some posters to come in explaining the oil price changes with precise economic, financial, and geopolitical analyses. We are all very good at explaining what were observe, but suck arse at predicting it.
This post was edited on 12/29/17 at 9:35 am
2
Posted on 12/29/17 at 2:22 pm to Spirit of Dunson
dear baby Jesus please keep going up and make my Engineering Degree useful again.
Posted on 12/29/17 at 2:58 pm to Spirit of Dunson
I think you are mostly correct from what little I know about it all.
Pretty sure I read that Shell has the ability to make money offshore with their new assets when oil is above $40.
Pretty sure I read that Shell has the ability to make money offshore with their new assets when oil is above $40.
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