2 Comments
User's avatar
carles's avatar

What about Montney, guyana, namibia, gulf of mexico.....even china shale oil....

Expand full comment
Juho H's avatar

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.

Expand full comment