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re: US oil production has increased 300,000 barrels per day in Nov alone
Posted on 11/29/19 at 8:41 pm to cwill
Posted on 11/29/19 at 8:41 pm to cwill
LNG is not going to pan out anything like it was thought. WAY too much supply for decades to come all across the globe.
As for the majors betting big on shale it is because they have a completely different plan for it and end goal than everyone else.
CWILL is correct in saying the blood bath isn't over for the shale patch. In the end there will be a handful of companies owning it all, which is what they intended all along.
As for the majors betting big on shale it is because they have a completely different plan for it and end goal than everyone else.
CWILL is correct in saying the blood bath isn't over for the shale patch. In the end there will be a handful of companies owning it all, which is what they intended all along.
This post was edited on 11/29/19 at 8:43 pm
Posted on 11/30/19 at 12:13 am to GREENHEAD22
quote:
In the end there will be a handful of companies owning it all, which is what they intended all along.
And all of them have a rich history in controlling production to prop up pricing, these companies in one of their many forms have been battling the independents for 140 years over this and nothing has changed.
We go around this circle on some scale once a decade with the big disruptors taking longer to sort themselves out, and shale is the biggest disruptor in a generation.
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