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SVTPerformance's Chain of Restaurants
Road Side Pub
SVTP stock pick thread.
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<blockquote data-quote="SSSSSSSSSSSSVT" data-source="post: 16531458" data-attributes="member: 191592"><p>Not sure what bubble you live in but the US drilled 45,000 oil and gas wells in 2019. We are on pace this year to drill 11,000. The last time the US drilled 11,000 wells was 1930. Production in the US is going to TANK. I can’t see prices staying low. IMO it’s what the elites want as they are heavily invested in “green” energy and oil at 40 makes “green” not even close to being financially viable. Who knows, maybe we just buy oil from Iran now? The days of being energy independent are gone unless we get 700 drilling rigs fired up right away.</p></blockquote><p></p>
[QUOTE="SSSSSSSSSSSSVT, post: 16531458, member: 191592"] Not sure what bubble you live in but the US drilled 45,000 oil and gas wells in 2019. We are on pace this year to drill 11,000. The last time the US drilled 11,000 wells was 1930. Production in the US is going to TANK. I can’t see prices staying low. IMO it’s what the elites want as they are heavily invested in “green” energy and oil at 40 makes “green” not even close to being financially viable. Who knows, maybe we just buy oil from Iran now? The days of being energy independent are gone unless we get 700 drilling rigs fired up right away. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
SVTP stock pick thread.
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