All those injections are useless. The only thing oil needs right now are high prices and – we have that now. And they are still rising. When money can be made, money will be invested. It might take a little while as some big plays are still holding back but it only makes us understand why a life without fossil fuels is like shitting on your facemask first and then wondering wee the bad smell comes from. Let the market sort itself out. It will be painful but we had that coming for a long while. Enjoy.
Oil explorers need to raise drilling budgets by 54 percent to more than half a trillion dollars to forestall a significant supply deficit in the next few years, according to Moody's Investors Service Inc.