Thu 7/19/2018 15:14 ET
DJIA25086.69112.600.45%TELCO157.961.480.94%GOLD1222.305.620.46%Shanghai2772.5514.690.53%
S&P 5002806.209.260.33%BANKS471.704.010.85%OIL68.050.300.44%BITCOIN7430.2847.550.64%
NASDAQ7826.2228.170.36%PHARM519.744.050.78%US/EU1.170.000.26%Futures2811.3014.800.53%
Welcome Stranger!  Please sign up or log in to enable additional features.Sign Up | Mail | Log In
Forum - Ipath Oil Return - OIL   

Msg Top | Msg List | < Prev | Next > | Post New | Reply | Privately | Search | Add OIL
  
From: deaconmike (Rep: 947) reply to BottomofChartDate: 07/11/2018 11:11
Forum: Ipath Oil Return - Msg #10135Thread #674020493 (Rec: 0)
Re: Whats the supply side looking at alot of people dont realize this but the dec...

What people also fail to realize is that when oil prices were below $55 per barrel
production in the US dropped.
Now that prices have rebounded production is increasing rapidly.
The Bakken oil field in North Dakota is on record pace for production this year.
Since March they are pumping 1.19 million barrels of oil per day.
And oil rig counts went from 26 at the end of 2016 to 77 last week.



Reply to BottomofChart - Msg #2742216 - 07/11/2018 10:58

Whats the supply side looking at alot of people dont realize this but the decline rates for tight oil is Horrible like if you get a million barrels a year at first next year you might get half that much and i am pretty sure that they hit all the sweet and best spots first mean while conventional oil continues to decline peak oil is real if it wasnt for tight oil we would be in huge trouble right now Re: Huge draw...biggest since 2016...Re: US oil inventories decline by 12.63 mill...
What would you like to do? Message: Endorse | Bookmark | Report AbuseUser deaconmike: Reward | Watch | IgnoreOIL: Ignore

Msg Top | Msg List | < Prev | Next > | Post New | Reply | Privately | Search | Add OIL
  

TheLion.com | About Us | Agreement & Disclaimer | Privacy | Twitter
© 1999- TheLion.com, Inc.