Posted on 01/27/2015 4:42:52 AM PST by thackney
That’s why I was nosey.
Nobody knows anything for sure but somebody’s guesstimate will turn out correct.
I deal with a supervisor engineer with one of the bigger outfits up here. They have lots of holes drilled, waiting to be fracked and completed, lots of advance work done and paid for, plus plans for gas plants and pipelines in the works.
He seems to be thinking they’ll have plenty to do until the price rise inevitably (!) comes again.
Jim Arthaud has some pretty severe predictions. Jim has been around the ND oil fields for quite a while.
One thing, right now, could push back oil prices would be in things get “hot” in the Middle East.
With the new King, the Radicals pushing hard against Saudi from the south, then figure in Iran and Russia, both of which are hurting worse than us from oil pricing, this whole ballgame could change fast.
Go see if you can short sell any oilfield services stock right now. Find me ONE you can short. I dare you. All of them say "No shares of this security are available to short right now." The big boys ALREADY have them shorted.
Hedges.
Shows you that oil is a real industry that responds to real economic factors. Unlike government supported green energy that booms or busts on government hand outs.
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