Quote from: RE on Nov 27, 2024, 08:31 AMNot many frackers making a profit at those prices.
https://www.investing.com/news/commodities-news/brent-to-average-65-wti-to-average-61-in-2025-bofa-3742319
Brent to average $65, WTI to average $61 in 2025: BofA
RE
+6 years, about to be +7 years past peak oil....and DAMN are low prices not part of the Happy McPeakster program!!
But those kinds of prices will likely bring about lower drilling activity, lower US production...and we'll all get to revel in another US peak oil!
Good thing all us geriatrics probably don't need to worry about it much, having lived through all the other peak oils it is just a bit difficult to get excited about yet another one.