$US 100 oil, page-6

Dear Pierre Andurand,
You have finally put into words the feeling that has been growing strongly within me.

The world has seriously under estimated how much we need oil. Government Zombies are walking around as if electric cars have replaced oil and gas.. For the last 3 plus years there has been little investment in oil exploration. Last year was the lowest on record for a long time.

This is a serious issue. World oil demand is increasing and investment is decreasing. We used about 33 Billion bbls last year and found about 5. Andurand has hit it on the head. People think oil and gas have had their day....they fail to appreciate that oil and gas consumption is increasing at about 1.5% per annum.

I agree with him. $300 a barrel is not out of the question. I went to a bbq recently and a business analyst said to me " Your not still following oil are you?. Oil's dead man."

This attitude could easily lead to $300 oil.

Senex is very well placed in all of this.