Well, that's a good deal higher than the BoA estimate.  Who is closer to the mark?  $74.53 for Brent according to the Reuters pol of expert analysts or the BoA analyst's price of $65 for Brent?  That's nearly a $10 difference. WTI @ $70.69 or $61?  Since we have our own world class expert, finally here's something we can hear a worthwhile opinion from him about.  ;D

A difference this big obviously has a huge impact on how many holes will get drilled and how much money the banksters will dish out.  If BoA thinks the price is gonna be $65, they're not gonna float loans to anyone who needs $75 to make money.  This indicates that the Reuters experts are the SUITS sitting on the driller's side of the loan officer's table and the BoA expert sits next to the loan officer on his side of the table. The expert the driller's hired has to convinmce the loan officer that the expert they hired is wrong. lol.

Or more likely, they don't even bother going to BoA for a loan, because BoA has telegraphed to everyone what price they will loan money for, so if you can't come in with oil at that price, don't bother coming in for a tet a tet.

In any event, at least we can leave the Peak Oil question behind at last, although I'm sure the term will still pop up from time to time.

https://oilprice.com/Latest-Energy-News/World-News/Analysts-Cut-2025-Oil-Price-Forecasts-Again.html

Analysts Cut 2025 Oil Price Forecasts Again

RE