Oil Price
Posted: Tue Mar 24, 2015 7:32 pm
Former president of Shell oil, John Hofmeister of Citizens for Affordable Energy, discusses an outlook on oil production and explains his predictions on oil for the end of Q4.
Watch this video: http://finance.yahoo.com/video/fmr-shel ... 00226.html
John and I spoke a few months ago. We are in agreement that the rapid drop in the rig count will result in a SIGNIFICANT drop in production within a few month.
John is extremely well connected and knows what's happening in the real world. The "talking heads" on this video are clueless.
I agree with him 100% that we are going to see a big ramp up in M&A activity near the end of Q2. It will not surprise me if 4-8 of the Sweet 16 at taken over.
Watch this video: http://finance.yahoo.com/video/fmr-shel ... 00226.html
John and I spoke a few months ago. We are in agreement that the rapid drop in the rig count will result in a SIGNIFICANT drop in production within a few month.
John is extremely well connected and knows what's happening in the real world. The "talking heads" on this video are clueless.
I agree with him 100% that we are going to see a big ramp up in M&A activity near the end of Q2. It will not surprise me if 4-8 of the Sweet 16 at taken over.