Editor’s Note: This article was first published to subscribers on Oct 1, 2024.
What about Montney, guyana, namibia, gulf of mexico.....even china shale oil....
Don't forget Duvernay, Argentina, Brazil offshore and Chinese coal-to-oil refining (https://oilprice.com/Latest-Energy-News/World-News/Chinese-Miner-to-Build-Facility-to-Turn-Coal-Into-Petroleum-Products.html).
At $70/bbl, oil supply is well incentivized to grow.
What about Montney, guyana, namibia, gulf of mexico.....even china shale oil....
Don't forget Duvernay, Argentina, Brazil offshore and Chinese coal-to-oil refining (https://oilprice.com/Latest-Energy-News/World-News/Chinese-Miner-to-Build-Facility-to-Turn-Coal-Into-Petroleum-Products.html).
At $70/bbl, oil supply is well incentivized to grow.