Home Inmate Central

Inmate Central, where civil and family-friendly discourse about off-audio topics (other than religion and politics) is welcome.

They are moving as fast as the can...

short of overextending themselves on the financial side.

These are publicly traded firms and their investors like stock buy-backs and dividends. Can't spend ALL the money on growth.

But the rig count is still going up, albeit at only a few percent per month (seven in the last week).

A thousand by the end of the year? Doubtful but I suppose it's possible. Current price of crude makes sitting on the sidelines a very difficult thing for oil guys.




And while the US may be the worlds largest producer these days? Even with that, US producers can't really change the global price of oil just by raising or slowing production a bit. Not even the Saudis can do that by themselves, even though we are taught to believe they can do that.




First they came for the dumb-asses
And I did not speak out
Because I was not a dumb-ass



Edits: 05/12/22

This post is made possible by the generous support of people like you and our sponsors:
  VH Audio  


Follow Ups Full Thread
Follow Ups

FAQ

Post a Message!

Forgot Password?
Moniker (Username):
Password (Optional):
  Remember my Moniker & Password  (What's this?)    Eat Me
E-Mail (Optional):
Subject:
Message:   (Posts are subject to Content Rules)
Optional Link URL:
Optional Link Title:
Optional Image URL:
Upload Image:
E-mail Replies:  Automagically notify you when someone responds.