Standard Chartered: U.S. Oil Production Growth To Decline In 2025

[Zincwarrior]

The article states:

Last month, a survey by law firm Haynes Boone LLC revealed that banks are gearing up for oil prices to fall below $60 a barrel by the middle of President-elect Donald Trump’s new term. The survey of 26 bankers showed that they expect WTI prices to drop to $58.62 a barrel by 2027, nearly $20 lower than the intraday price of $76.22 at 12.00 pm ET on Wednesday.

This has nothing to do with Biden or Trump. At below $60, its uneconomic to explore in North America with existing technology. Production is already too high to sustain domestic development in the near term. I'd expect rig rates (number of rigs working) to fall.

Rig Count Overview & Summary Count | Baker Hughes Rig Count

The Investor Relations website contains information about Baker Hughes Rig Count's business for stockholders, potential investors, and financial analysts.

rigcount.bakerhughes.com

 

[BULLDOG]

Uh, quickly is a bit longer than a week. But I get it. You must declare Trump failed even though nobody expected prices to fall in one day

What has he done to reduce prices across the board as he promised?

 

[elektra]

What has he done to reduce prices across the board as he promised?

Quit funding green energy then prioritizing energy.

Putting a hold on whatever spending he can.

The two biggest factors of inflation is energy and government spending

 

[initforme]

There will be more than enough drilling under Trump. The problem is oil companies seem reluctant to increase refining capacity. Trump might need to nationalize the oil industry.

But we must allow it to be shipped away when our citizens need it.

 

[Winco]

How can we? Biden cut us off from developing both areas.

There is a FAR bigger reason that no drilling has happened in ANWR, than Joe Biden.

https://www.nrdc.org/stories/long-long-battle-arctic-national-wildlife-refuge.

Your FAKE outrage is noted.

 

[whitehall]

Standard Charted is apparently a globally invested banking corporation with presumably investments in "green energy". Why would the bank predict higher energy prices when common sense indicates that energy prices will drop when the U.S. becomes independent of foreign oil?

 

[BULLDOG]

Quit funding green energy then prioritizing energy.

Putting a hold on whatever spending he can.

The two biggest factors of inflation is energy and government spending

Bullshit. Oil companies already said they aren't interested in increasing production.

 

[elektra]

Bullshit. Oil companies already said they aren't interested in increasing production.

Based on democrat policies and nothing more

 

[struth]

Yet trump promised drastically lower gas prices very soon after his inauguration. How is that going to work?

Avg gas prices are down .15 precent since Trump took office

It’s happening

Trump is just waving that magic wand of his

 

[BULLDOG]

Avg gas prices are down .15 precent since Trump took office

It’s happening

Trump is just waving that magic wand of his

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