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Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (57211)	2/12/2018 6:06:36 PM
From: stuffbug	1 Recommendation Recommended By Old_Sparky Read Replies (2) \| Respond to of 60926

I am a contrarian voice. Based on current technology, and using full cycle economics, the cost to produce from the oil sands is less than from many other basins. After the initial capital expenditures have been funded, there is only the ongoing maintenance capex and operational costs. Offshore will go through cycles, but reservoir sizes of new discoveries often dwarf those of land discoveries. World oil demand continues to grow; estimates for 2018 are 1.6 to 1.7 million barrels per day. India and China will once again be the major reasons for the increased demand. No point in considering the end of certain energy sources until we actually see stagnant demand. And the lack of investment by oil companies over the last few years is about to trigger the next bull market in oil prices.