Quote:
Originally Posted by blender
Maybe all of you guys need to check yourselves. Not one of you knows me and you are making presumptions about what I believe and my stance on this issue.
I am from Alberta. I am not anti-oil. I am a realist.
Get over yourselves and let's have a discussion.
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I think in a nutshell beyond what GGG said it’s simply that supply was crazy high. It’s actually building up to be a boom in a couple years I suspect but we won’t be in a position to capitalize on it as much as we theoretically could have due to pipeline capacity.
The States is going to come off pretty hard. They still use a ####load of oil despite what all the people in the US political thread thinks is possible. Just doesn’t jive with the expert prognosticators or forecasts no matter how “green” things go.
GGG is right. It’s still a profitable industry. But it needs to be because risks are quite high especially in this insane nation.