Oil Prices

[BlackCat]

The process should be this way: well permitting drops => rig counts fall => well fracturing & completions falls => then shale oil production falls. Given the lead time in each of those steps, I think we might see production fall only at late 3Q or 4Q this year, maybe possibly next year.

Thanks for the clarification HitandRun, I agree with this time frame. Best guess is that oil prices start rising 6-12 in months, assuming no bad surprises on the demand side.

Still searching for a ways to invest in oil - its one of the hardest industries to understand. Cant just go and buy some barrels to store in my flat....