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Re: Sage7243 post# 13105

Thursday, 04/13/2017 2:09:37 PM

Thursday, April 13, 2017 2:09:37 PM

Post# of 19131
This recession was unlike any other; just listen to any earnings report from any E&P company over the past couple of years. That being said, we can't expect the recovery to be cookie cutter either. Aside from supply and demand finally coming to terms, there are other factors that can push up the price of oil namely a shortage of oilfield workers, insufficient E&P CAPEX since the downturn and generally a shortage of materials and services up and down the energy value chain. Oh and lets not forget Geo-Political events and a pro-oil administration. There's a perfect storm brewing here.

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