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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Johnny Canuck who wrote (206100)	11/14/2025 6:44:23 AM
From: robert b furman	2 Recommendations of 206200

Hi Johnny, G&R agrees. They also note that OPEC had pricing power during the WTI rise in strength. New shale oil from the US has taken pricing power away - yet peak production has plateaued in all 4 shale deposits. They expect WTI to go up in price as peak production becomes understood.It is just a geological fact that once a shale deposit has had 50 % of its oil produced, depletion becomes a powerful force to overcome - especially as Tier one wells have been predominantly completed. No amount of investment can keep up with the depletion. Net result, OPEC regains pricing power and your chart shows what they historically do with the price of oil. OPEC will attempt to increase oil's price by a factor of 3 to 10 times. Non Opec plus other fields that can temper this idea are : Guyana - no larger increases till 2027 at earliest Brazil - very deep water and slow to increase Gulf of America CVX thinks this is viable but out in time 2027 at least Alaska - very expensive and an environmental hot spot. My portfolio has been selling tech and investing in a very hated and out of favor oil, so yes I'm talking my game/book. Full disclosure. Right now natural gas appears to be the tip of the spear first. Bob

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