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I tell anyone that will listen that we are in the biggest oil boom in the history of the world and prices should start reflecting that, dramatically.

I’m asking your honest opinion: Am I full of sh**?

“..I tell anyone that will listen that we are in the biggest oil boom in the history of the world....”

I dunno about all of that, but I know about here in the Eagle Ford where I’m at. It kinda reminds me of what I read about the Alaska/Klondike gold rush in the late 1800s or so. Tons of activity going on...oil field traffic, drilling rigs and facilities going up everywhere all along the trend. You can see the effects on the local economies too: RV parks, hotels, restaurants, housing etc. being built and going up all along the trend. “Help Wanted” signs hanging out on a lot of em. It’s totally insane....I love this work, plus, it pisses off the communist DC liberals to no end that an average American might just be able to provide for his family and still maybe set a little aside for the future...despite their best efforts to see that he doesn’t. I would imagine the other newly discovered trends are, or will be, the same way.

I tell anyone that will listen that we are in the biggest oil boom in the history of the world and prices should start reflecting that, dramatically.

I’m asking your honest opinion: Am I full of sh**?

In my opinion, the first is an overstatement, but a boom is starting non-the-less.

The second is false. What you are missing is that the fields like Eagle Ford, Bakken, Wolford and the other tight formations like shale are recoverable today because of the high price of oil. It if falls dramatically, so will the drilling and then production rates.