we need water to saty alive too - i assume we are now saying banal obviously true things when we have nothing useful to contribute?
the analysts obviously take that into consideration. its an aggregate expectation.
as we saw in those numbers from baker hughes - total number of drill rigs in North America is currently only 5% below same time last year.
so rigs are used to explore - some to produce.
What the analysts have basically outlined is they expect most of the exploration rigs to go into mothballs - but that any equipment needed to produce will stay online.
Gradually those too will increasingly go back into invesntory - but the analysts currently think iut will be 12 months before it meaningfully stunts supply growth
i really enjoy explaining obvious things twice.
- Forums
- Commodities
- What is worthless?
What is worthless?, page-40
-
- There are more pages in this discussion • 237 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online