Replies to post #4251 on GulfSlope Energy Inc (GSPE)

[spec machine]

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

[spec machine]

I think you have underestimated the near term potential growth in the renewables, stimulus is the key

but, having said that, it is clear that oil demand and pricing is steadily recovering with crude approaching $52

Are the 50s here to stay? Maybe that's the sweet spot to be, any more and fracking has the possibility to wreck things

What say your spreadsheets now?

spec