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The Water Cooler
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Oil Prices
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<blockquote data-quote="Shadowrider" data-source="post: 3528349" data-attributes="member: 3099"><p>I've read a couple of analyst reports that say we will see $80 to $100 oil by the end of the year. The trend is in place and if COVID does die out in summer as some have said it looks quite possible.</p><p></p><p>What will the independent producers do? I'd bet they start drilling again but it will be subdued compared to times past. They are using cash flow to drill now instead of debt. Time will tell if that holds, but either way, filling up our tank is getting more expensive.</p></blockquote><p></p>
[QUOTE="Shadowrider, post: 3528349, member: 3099"] I've read a couple of analyst reports that say we will see $80 to $100 oil by the end of the year. The trend is in place and if COVID does die out in summer as some have said it looks quite possible. What will the independent producers do? I'd bet they start drilling again but it will be subdued compared to times past. They are using cash flow to drill now instead of debt. Time will tell if that holds, but either way, filling up our tank is getting more expensive. [/QUOTE]
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