Bull Trap Ahead

[william the wie]

Supply is increasing, demand is decreasing and prices are going higher. This is not sustainable but what will the fallout be?.

 

[william the wie]

Fracking service costs keep going down @ 15% a year or halving about every four years but drilling speed is also increasing which reduces the amount of services needed per barrel.

Ever denser pipeline networks and the schedule for LNG plant construction means that shipping costs are going down. Are US producers still the marginal producers and if so for how long?