The Perfect Storm for Oil, page-43

andy bee

If WPL (and others) are so smart why didn't they foresee the global oil price crash?

You say   " i think wpl has been around long enough to know what they are doing during this bit of a turndown and i for one will be loading up to take advantage"

"doing during this bit of a turndown".
And what makes you think it will be temporary?  The US Shale guys have put a permanent cap on the price of oil: they are relatively small, nimble operators who can restart production literally with weeks one the price gets back to profitable levels (say) $70.  Their drilling/fracturing techniques are improving all the time

The global oil price drop may last for the next couple ...

news.stanford.edu/news/2015/march/oil-prices-wolak-033015.html

Mar 30, 2015 - Factors such as domestic oil production, improved technologies and declining ... from a shale oil or gas resource, the continual drilling of new wells is necessary.