U.S. Oil Production will grow in 2021

[dan_s]

As pundits and journalists forecast the future of America’s shale oil industry, beware the naysayers who believe the investors and lenders will not want to do business with U.S. shale oil firms in the future. We have had over 160 years of experience to show us that if there is a plan for oil, a skilled business leader can get the financing. Opportunities in oil are too enticing for many financiers to ignore.

Moreover, we should not mistake what good entrepreneurs and investors are looking for in oil today. They are only looking for a business that will “strike it rich.” They are not going to the oil fields looking for the next Google GOOGL or Standard Oil. And there is every reason to believe that oil prices will return to $40, $50, $60 per barrel and higher in the coming months, meaning “strike it rich” will be a real possibility again.

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