When oil prices spike it will be brutal. Prices might reach $200. When this will happen is very hard to tell.https://twitter.com/andersostlund/status/687179846645084160 …
@Beard1976 Yes but with failing investments there will be time period for supply to catch up when demand increase and/or when wells run dry.
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@andersostlund my understanding is that shale can ramp up and down quicker than regular wells -
@Beard1976 I agree but there will most likely be a time gap anyway. Just like when shale increased production in the first place.
End of conversation
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