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EC SD | It takes time to increase domestic production, so most of 2025 will be ramping up to higher production. In the shorter term, reductions in oil shipments from Iran, Venezuela, and Russia, by actually enforcing sanctions, will reduce world supply. Saudis can quickly ramp up to fill some of that reduction.
My guess is that WTI stays in range of 65 to 85, but the US will be taking market share from the sanctioned countries listed above. I am currently invested in companies that benefit from higher oil and gas production, but not necessarily the producers of oil and gas, because more production at lower prices will not make their earnings increase as much as the other companies... | |
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Bullish bets on oil
