Wednesday, February 10, 2016 4:57:15 PM
I've wondered for at least a couple of months now if Tullow isn't being pushed over the edge due to $$ commitments signed long before there were hints of recessionary devices in play? When all is said and done, it is far easier to assume an oppositional stance and say we hate Tullow or we disrespect the company---for whatever our reasons. In the final analysis, however, they can squeeze just so much comfort out of a diminishing cash-flow spectacle such as it is. They must answer to irate stakeholders just as we react to our dissatisfactions.
Blaming any entity won't clear the air. My own opinion holds that this is the worst time in recent history for oil. And I don't believe anything will iron the wrinkles we're suffering until there's more of an equalization process in evidence. Fewer rigs on the heels of oil's oversupply is just the beginning. There will be more cutting back and more suffering coming from poorer nations more dependent upon their oil and gas income.
And with that ominous call comes those cries in the night leading to morning-after headlines proclaiming terrorist activity aiming to disrupt the supply side, hoping to enhance the possibility of rising commodity pricing. There will be skirmishes attesting to breaches in the fabric of public confidence.
FEATURED Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM