The methodology of counting only conventional oil discovery needs to be examine given the current state of shale oil production technology. And there are plenty of shale resources outside of the USA and Canada yet to be drilled or mined. Maybe Wall Street is trying to prime the pump for Aramco IPO.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.