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Re: smith199 post# 4251

Sunday, 12/13/2020 9:00:14 PM

Sunday, December 13, 2020 9:00:14 PM

Post# of 8227
The big driver for recovery of demand will come from transportation fuels

Very small percentage of oil is used for power production

I know you were including gas which is going to play a growing part in electrical power production, especially for "peak load" plants

Gas is abundant and cheap, that's why GSPE is targeting high quality oil prospects

here's the breakdown by use, it's current as of March 2020



demand is heading toward inevitable recovery, just a matter of how fast it comes

looking forward to a spud date soon

spec

- Foglifter -