This is from oilprice.com yesterday, sent to me by a reader, thank you very much.
This is the timeframe I'm looking at:
- from now (mid-2016) to 2Q17: WTI pricing volatile; could it go below $40? Possibly, but I doubt it
- summer 2017: the market will telegraph whether the inevitable spike occurs in 2018 or later
- summer 2018: first suggestions of a spike, which could result in significantly high prices very quickly; spike to me is defined as around $100; if not in 2018, then 2019.
If price remains in the $50 range for two more years (end of 2018), Saudi Arabia is toast.
The US shale operating sector will look a whole lot different if the price remains in the $50 range for the next two years, but the US shale industry is not going away.
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