We’re still down from the peak.. as we shut in and slowed drilling.. it may take awhile to crank back up but given an uncertain environment.. ask Trans Canada.. do you spend $$$ in a world supposedly bent on limiting carbon release? I guess if the payout is perceived as large enough.. Natty gas for wind turbine backup seems to be the rage.. Uhm.. need to winterize it.. lol.
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPUS2&f=M
And
https://www.dmr.nd.gov/oilgas/stats/historicalbakkenoilstats.pdf
Drilling productivity report.. keep in mind.. like a yield monitor.. pull back on the hydro.. and the yield spikes.
Push forward.. and it dips.. which s what the market is doing to the pace.
https://www.eia.gov/petroleum/drilling/pdf/dpr-full.pdf
so..
Edited by JonSCKs 6/12/2021 08:46
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So can we expect oil to hit $80?
