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The Forum > Article Comments > Increase in US rig count will not cap oil prices > Comments

Increase in US rig count will not cap oil prices : Comments

By David Yager, published 24/6/2016

Those who figure US LTO output will track WTI in a straight line clearly donít understand the complexities of how this large and complex business actually works.

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Nor will it put a floor under prices! This seems at first glance the usual waffle put out there as the wish list of a futures trader, which simply ignores certain fundamentals?

Like the effect on the global economy by Britex? Or what's the price signal tight oil producers need to reactivate mothballed projects, if only to create a cash flow that gets the banks off their backs?

And he simply glides over oil sands as having little consequence? Rather than the very real threat on the futures market that this 1.8 trillion barrel reserve has to impose as downward price pressure this reserve would create in full production?

Something we might see sooner rather than later if a suppressed national economy, nationalistic agendas, market imperatives and export earnings dictate a much earlier production date?
Alan B.
Posted by Alan B., Friday, 24 June 2016 3:26:22 PM
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