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Energy Investing
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How many rigs does it take for Shale oil production to start rising? This graph I constructed suggests that 400 is enough and with 800 there's plenty more than enough. Top graph is number of oil rigs. Bottom is USA crude production. What do the fundamentalists say about how many (folks like Art Berman, HFIR, Adam Rozencwajg, etc.)?MontyHigh |
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Msg # | Subject | Author | Recs | Date Posted |
293130 | Re: How many rigs does it take for Shale oil production to start rising? | Ed Ajootian | 5 | 10/17/2020 4:10:44 PM |
293146 | Re: How many rigs does it take for Shale oil production to start rising? | Hombre77 | 3 | 10/17/2020 6:12:09 PM |