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Msg  370988 of 383804  at  11/29/2021 4:15:11 PM  by

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 In response to msg 370961 by  CreightonAlum
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Re: From one of the smartest guys I know and

 It is our guess that once oil produced in the U.S. goes below 9 million barrels a day, oil will be at least $100 a barrel.
 
 
I wish he connected the dots to explain how and when he sees US production dropping to 9 million bbls/d (from 11+ currently). He never explained how we get to 9 from 11 - or over what timeframe he expects this to occur.
 
As far as his $100/bbl comment when oil production drops to 9 mm, I say that if our production dropped to 9mm bbls/d, oil would be printing north of $180 bbl. World wide production could not make up for a drop of 2-2.5 mmbbls/d out of the US. 


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Msg # Subject Author Recs Date Posted
370997 Re: From one of the smartest guys I know and zzsdxv 6 11/29/2021 5:00:08 PM


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