even just today in the news I was reading they were talking about EIA Dec 2017 estimates of a balanced 2018 supply / demand global market but FFWD to present, and EIA is saying now we're 500Mb/d in a supply deficit for 2018.
Venezuela production falling apart.
Trump may not support the Iran deal in May. Tensions in the Middle East high, global economic growth strong, and there's a lot of indicators pointing towards an ascent to $70/bbl crude.
Investor confidence is low in Canada, but it'll turn around. Eventually the BC pipeline saga will come around. Will it be a boom? Will it be as economically wild as it has been before? I'm not sure, I'm not even sure that's a good thing. Calgary's just right when it's not a perpetually growing / populous rat race, that's part of the charm for a guy like me.
But oil and gas? It's actually looking favourable right now.
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