Desiree Production, page-3

Rob
Some interesting questions, posed by "Energy and Capital".
I did not get their answers as they no doubt have an agenda .
However the Questions are pertinent.

Q1 .'Will triple-digit crude prices make an appearance in 2015? Or will they continue to decline as U.S. oil companies flood the market with tight oil" ( and OPEC plays petro dollar blackjack.)

Q2. Or..." how will OPEC react to this new supply threat coming out of the United States' tight oil revolution?"

Q3."Is it only a matter of time before the mighty oil cartel cuts output and drives up oil prices?"
If not and some OPEC operators disappear in a mushroom cloud
of their own making , what then ?

Tight Oil (Shale) is in big trouble price wise ,with the profit margin on the ropes and some
operators showing a loss ATM.
However Uncle Sam is no longer being screwed by OPEC and can wave the big
stick around without fear of fuel starvation.

Google "Oil price forecast for 2015" and the price stays in the Sixties . Not encouraging.

What are the chances OPEC chokes and the triple digit prices return and all is forgiven and the
likes of GGE, who stayed away from shale , flourish.?

Maybe MF and Coy got it right - wait and see.
CHEERS R15