My Take on why U.S. oil production growth has STOPPED

dan_s · Post by **dan_s** » Mon Sep 09, 2019 4:48 pm

Read this: https://oilprice.com/Energy/Energy-Gene ... Rally.html

If U.S. oil production growth has stopped, OPEC+ can easily push Brent to $80/bbl. That is the minimum oil price they need to flow the Saudi Aramco IPO. This will be the largest IPO EVER. JPMorgan and Goldman Sach are going to do everything in their power to push oil prices higher which will maximize their fees from this IPO.

If you'd like to read the Raymond James article that I refer to in the article above, send me an email asking for it. dmsteffens@comcast.net