Oil May Have Risen Too Far Too Fast

October 22, 2022/in /by Rudolf Huber

As long as the financial needs of OPEC+ countries are way above the breakeven point of shale drillers, this one-two-punch combination is the best workout shale could ever have hoped for. Low price stints burn off the dead flesh, allow leaner and more innovative shale drillers to pick up the pieces and expand operations and the return of high prices leaves the flush with cash for more. Shale is a North American phenomenon because the legal, economical, logistical, and service elements are conducive to that. Plus, in the US there is no National Oil Company to keep all others down. Eventually, North America will want to market that know-how somewhere else.

Crude prices may have risen too far, too fast this week, according to one market watcher.

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I met Rudolf at the beginning of 2011, since we were both involved and working together within several European / Scandinavian projects for the development of technology, standardisation and legal aspect in the use of LNG as marine fuel and along its supply chain. Rudolf has vast expertise in, and perspective on, different aspects of LNG technologies, suppliers, infrastructures and supply chain options. He is able to provide a deep understanding and insight into these areas and is a conscientious and diligent source. Moreover, he is a tremendous visionary on the geopolitical, trading and technology aspects of energy, with a special remark for LNG traditional and small / mid magnitude chain. Rudolf has very proactive personal and working approach and is an excellent team worker and leader. Not least, he has a unique persuasive way of writing, negotiating and delivering speeches. I would certainly recommend him as an excellent expert and believe he would be a powerful asset for any company actively working in Oil and Gas. Thank you Rudolf! Marco

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I was introduced to and met Rudi in Angola when he started to develop his Sub Saharan Africa network. At the time he worked for EconGas/OMV and he tried organizing longterm LNG supply for them under the unlikeliest of all circumstances. He figured that Africa would be the only place where this would be a realistic prospect for long term uncommitted supplies of LNG. Rudi did not hesitate, started in Africa from absolute zero and spawned relationships and personal friendships with incredible speed. When I met him I didn’t know much about LNG. Today I follow the LNG news on my continent with great interest and a much clearer understanding of the LNG trade. Whenever I have a job that involves venturing into the unknown, Rudi will always be my man.

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Environmental Film Group West

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