Crude price doesn't matter as long as the huge over-supply is still out there. Basic supply vs. demand will ultimately decide when the O&G industry bounces back legitimately and it becomes profitable for the drillers to start new projects or resume existing ones.
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Sure it is you IDIOT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
More like the vision of looking out the window of an old stalled junker as other industries fly right by.
There is a vision, It's like the view from the cockpit of a airplane as it's going straight down.
Pathetic industry with no vision.
Oil should be $25 a barrel or so.
Banks/ Fed are propping up the price so their energy loans don't get completely wiped out.
Cushing is full, worldwide oil tankers are waiting in line weeks just to dock. There's a huge oversupply, no way even $45 is justifiable
No, this is the calm before the storm. There are no jobs in the last quarter of this year. Good luck to everyone.
Oil companies get $60 a barrel on hedges. The 4000 wells drilled but not yet fracked will flood the market. While the price crashes from over supply. The glut becomes even more exasperated.
For over 6 months I've been hoping prices don't go up as we approach June 30th. I hope $100 oil returns, just after the hedging contracts aren't favorable for Shale.
who knows, but I hope so. avo doesn't know anymore than the next person. People may think it will drop in July because that's when it started to drop in 2014 and 2015. There's no guarantee that the trend in 2016 will be the same as in 2014 and 2015. Eventually prices will go back up again to their old highs. It's just a question of when.
Prices are going until Shale companies can lock in their prices on the futures exchange. Starting July first prices will go timber again like last year.
The fix is in. Low prices until July 1st is what we want. Most people just are oblivious.