Oil Prices To Skyrocket If U.S. Shale Stalls

[Old-Ruffneck + 1,238]

Last nights headlines.  The writer slipped that word IF in there and the whole premise is IF Shale Stalls. Trying to create something from nothing and the writers past stories seem all to want to Jack up oil prices with Fear!! Traders that fall into misleading stories such as this are not well educated in the oil industry. The drop in rigs is money is tightening up yes, but you have 9000 DUC wells to be completed. 2 years plus to complete, so a slow down should be expected. Will production of 100,000bbd make a difference in 1 year? Probably not a great Skyrocketing effect on the whole scheme of the Permian.