Tornado Alley (PROG)

[Zorax]

Prices staying down for the next couple years if true doesn't make big oil want to spend money any time soon

The global oil market is “entering into a period of oversupply”, said León. “Prices will come down and will continue to come down … That means that oil companies will be very, very selective of where they invest, in a period of lower prices. Given the choice, they will probably want to go investing in places they already know.”

But of course, when you have these 'professionals' who make their money creating 'movement' in a sector always make a new hook. This company has only been around since 2022 so they splash their name everywhere they can.

But other industry observers expect oil majors to jostle for a chance to operate in Venezuela. The country now amounts to “a huge opportunity” for big firms, said Fordham, founder of Fordham Global Foresight. “There will be immense competition between them for the best opportunities.”