Good point - so the oil price is more likely to be flat-lining for years around a ceiling of ~$50-55 established by the frackers with all their innovations causing a hard crust difficult for price to break through, and the middle east with all that oil sloshing about
Who knows what anyway
Maybe the frackers will be producing less oil and more gas and that may help reduce the oil surplus
The genius of the Santos was to strategically become an LNG producer price linked to the oil market
STO Price at posting:
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