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re: WSJ: Why Gasoline Prices Are Rising Faster Than Usual This Year
Posted on 3/29/24 at 3:46 pm to ragincajun03
Posted on 3/29/24 at 3:46 pm to ragincajun03
They running out of places to drill in west Texas accordingly to a big player ceo in the permian. Output won't be able to keep up with demand in coming years. Look for oil to hit $150 a bbl before end of 2025. It's one of the reasons companies are buying out other companies. Running out of places to drill. Buying up places to drill more wells.
1
Posted on 3/29/24 at 6:39 pm to Oneforthemoney
quote:
Output won't be able to keep up with demand in coming years. Look for oil to hit $150 a bbl before end of 2025.
Been hearing this was going to happen anyway for the last two years.
Deepwater drilling in the gulf and other places around the world continues to ramp up and hasn’t hit full potential.
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