SKEP + 229 SK August 28, 2019 (edited) . Edited September 3, 2019 by SKEP Quote Share this post Link to post Share on other sites
Jan van Eck + 7,558 MG August 28, 2019 14 minutes ago, SKEP said: What if demand plateaus by 2025 as Morgan Stanley projected ? What if EVs take of as BNP Paribas report claims. What happens when those metrics are added to the equation ? The (U.S.) oil will continue to be produced, and it will displace other oil that comes from other sources into the global market. Those other sources will either develop new products for their oils, such as plastics, or those wells will be shut in. Quote Share this post Link to post Share on other sites
ceo_energemsier + 1,818 cv August 28, 2019 Even the Saudi's are getting into the action of exporting US crude oil. Aramco Trading sells first U.S. West Texas Light crude to South Korea's Hyundai https://news.yahoo.com/exclusive-aramco-trading-sells-first-063254260.html Quote Share this post Link to post Share on other sites
Ward Smith + 6,615 August 28, 2019 3 hours ago, ceo_energemsier said: Even the Saudi's are getting into the action of exporting US crude oil. Aramco Trading sells first U.S. West Texas Light crude to South Korea's Hyundai https://news.yahoo.com/exclusive-aramco-trading-sells-first-063254260.html Why shouldn't they take advantage of the arbitrage? Quote Share this post Link to post Share on other sites
ceo_energemsier + 1,818 cv August 28, 2019 4 minutes ago, Ward Smith said: Why shouldn't they take advantage of the arbitrage? I dont see a problem with it, they are a global trading company, have a go at it, if they can sell (export) more US crude, better it is for US producers. 1 Quote Share this post Link to post Share on other sites
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