That old chestnut. Been trotted out since forever. US Shale at it’s height was a Ponzi scheme. The Sauds collapsed the oil price to the $20s to kill it. They been pumping oil just to pay the interest off ever since. Too many laid off, not enough equipment or manpower left. US exports negligible. Brent the only game in town, global demand soaring, supply dwindling, Sauds and Russians moving to multi-decade output quota deal on back of current arrangement. Do yourself a flavour and subscribe to Phil Flynn, he who knows.
Eric, do you think we could have an operations update this week? Nothing too remarkable - Progress this, no surprises that... that kind of thing. Thanks.
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