I work on a work-over rig and wanted some expert advise if whether the oil will boom up again to keep all exploration and production running like in past years.
Yes, for the simple reason that oil is denominated in dollars and the US dollar is being inflated. That doesn’t mean the "real" price will necessarily increase, though.
September 26th, 2009 at 10:22 pm
Yes, for the simple reason that oil is denominated in dollars and the US dollar is being inflated. That doesn’t mean the "real" price will necessarily increase, though.
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September 26th, 2009 at 11:04 pm
It cycles as you well know. Yes, the price will rise again. The real question is when….. May be next week, next month, next year or next decade.
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