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Strategies & Market Trends : John Pitera's Market Laboratory
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To: John Pitera who wrote (17459)12/15/2015 4:34:12 PM
From: benwood   of 33421
 
I think ~ a year from now, oil will be dramatically higher. So many wells came online with a very short lifespan, and with virtually no new wells coming on line now thanks to the price bust, it will be a short lived party. Enjoy it while we can.

It would also mean there will be a far bigger trade deficit in a year. That will have ramifications, no doubt.
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