Energy Prospectus

Looks like the Saudis will continue to increase capability Shaybah’s production capacity will rise to 1 million barrels a day from 750,000 barrels, said the people, who asked not to be identified because the information isn’t public. The field, in the Empty Quarter desert near the border with the Un...

things look good now

you are kidding aren't you

Maybe Chevron will shut in some high cost deep water oil that costs 60$ to produce

Good question I have been essentially out of the market for more than a year.
I recall that in 1980 bonds were at a deep discount both Chrysler and government zeros
They were a great opportunity
What about now?

Seems to me that the potential from Marcellus and the other field there is so great that cost will stay down. But I don't know how much.

In the early 1900s Rockefeller drove competitors across the street from his new gas stations broke. He sold his gasoline from his refineries below cost He then bought all the stations with no conscious at bankrupt prices
Are not the Saudi's and Kuwaitis doing the same thing?????????

Where does this leave us hopeful investors

We take too seriously the false axiom that capital will flow to the best place if we do no planning.

What does Israel think of this deal Some Iranians want to eradicate them