Do you think that oil and gas production will better after 2019? Why?

[Dr.Masih Rezvani + 27]

Do you think that oil and gas production will better after 2019? Why?

[Douglas Buckland + 6,308]

I sincerely hope not! The last thing the industry needs now is even more production on a saturated market.

[ceo_energemsier + 1,818]

22 hours ago, Dr.Masih Rezvani said:

Do you think that oil and gas production will better after 2019? Why?

Production is already @ its high if not an all time high for both oil and gas. Maybe the demand will grow that will help absorb the already higher production volumes and upcoming production growth.

With new pethchem facilities and a shift of some big players from oil to fuels into oil to chems , that will def help take up some of the new growth production for oil and the demand for LNG will help the natgas production growth.

 

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Third quarter is key for 2019 oil balance

 

https://www.bloomberg.com/professional/blog/third-quarter-key-2019-oil-balance/?mpam-page=24853?utm_source=Syndication&utm_medium=SB_SBRC&utm_campaign=Cmdty

 

[James Regan + 1,776]

On 8/30/2019 at 5:16 PM, Dr.Masih Rezvani said:

Do you think that oil and gas production will better after 2019? Why?

This question is a bit ambiguous, what do we consider "better"?  How far ahead are we talking @Dr.Masih Rezvani? 2020-25....   

Far too many variables to be considered just considering the phenomenon of "shocks" within the crude oil market due to exogenous and endogenous variables which affect our business, virtually impossible to quantify or guess both positive and negative shocks to oil production or the oil price caused by events outside the oil market or the day to day dealings within the Industry. 

This would be the same as saying you were able to provide the price of oil for the next few months and bet your house on it, the only people who do that are futures traders who aren't betting their houses they are betting someone else's.

We would all be very wealthy if we were honestly able to answer this question.

Edited August 31, 2019 by James Regan