Oil-price forecasts all over the map—complicatin
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Posted On: 04/12/2017 10:23:01 AM
Oil-price forecasts all over the map—complicating factor is shale:
Fracking was just banned in Maryland. If Hillary was in it would be in trouble US wide. But with Trump in is could survive a bit longer.
From the article "According to oil services company Baker Hughes, the number of non-U.S. oil rigs has risen by just 29 since hitting an 11-year low of 666 in November last year, compared with a rise of 346 in U.S. rigs in just 10 months."
http://fortune.com/2017/04/10/shale-leaves-wa...e-heading/
People buying bigger cars lately a plus for oil. I am still short term bullish on oil.
Fracking was just banned in Maryland. If Hillary was in it would be in trouble US wide. But with Trump in is could survive a bit longer.
From the article "According to oil services company Baker Hughes, the number of non-U.S. oil rigs has risen by just 29 since hitting an 11-year low of 666 in November last year, compared with a rise of 346 in U.S. rigs in just 10 months."
http://fortune.com/2017/04/10/shale-leaves-wa...e-heading/
People buying bigger cars lately a plus for oil. I am still short term bullish on oil.
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