It's not replacing it, it's rapidly adding to it....especially anything over $60.
Do you realise the recent oil supply imbalance was only 1.5-2mbbls per day...as global oil demand is still rising,
Won't be that far off 100m a day, so there is demand (grant that), but what stocks are best plays.
Plenty money to be made with quality, cashflow positive businesses, not shale junk.
It's not replacing it, it's rapidly adding to it....especially...
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