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Strategies & Market Trends : John Pitera's Market Laboratory
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John Pitera
Pogeu Mahone
To: John Pitera who wrote (18107)4/11/2016 10:49:04 AM
From: robert b furman2 Recommendations  Read Replies (1) of 33421
 
Hi John,

Until markets see bankruptcies leading to production reduction, until Saudi money buys US Shale production and shuts it down, until EM producers like Venezuela and Nigeria retreat and close production, then there won't be much hope for $60 bbl.
I'm thinking domestic well healed E&P will consider that a stretch actually several stretches.
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