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szaba_the_hut

14,155 Posts.

705

29/01/24

10:49

Post #: 72106131
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Originally posted by tangs: ↑

well quite true
potential oil price rises are a concern to US *
bit tricky to identify source of refined product
but at present India aren't buying becayse russia won't accept rupees as payment - we'll see where that dispute goes but as long as India has alternative supplies at a reasonable price they have the whip hand ......the customer is always right

* one thing I've noticed is a lot of the shale oil in US is quite small and also marginal - so what happens is it's sensitive to the OP and shuts down or starts up production from these small shows quite easily such that after a few months of higher OP US oil supply increases proportionately to mitigate. .
Also worht noting a gradual drift from oil to gas in the US for home heating and maybe in other areas too .

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The customer is always right if they can buy from someone else at the same or better price and if there are no other customers that are happy with the deal you have going....
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