First Thoughts -- 2021 -- January 3, 2021

Random thoughts.

Two thoughts.

First, prior to the US shale revolution, the Obama mantra: we can't just drill ourselves to lower prices.

Second, there are really only three oil plays in the US right now:

• the US gulf offshore
• the Permian
• the Bakken

One might add:

• California
• Alaska

But if we go back to Obama-era thinking, we're going back to higher oil prices. 

One wonders if Petro-Hunt had the same thoughts six months ago? See this week's list of wells coming off the confidential list and here.

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Flight Attendant In Training