Why oil prices will not grow and may even fall?
Just the facts.
At the shores of Singapore (hub between the Middle East and China) have accumulated a huge amount of supertankers facing months laid up and performing a single function - storage.
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In support of your thesis, the US frackers are getting more from each hole, as the various underlying technologies which make up a fracked hole continue to develop and improve.
Rigzone article
weak players into bankruptcy, thus they are being bought by the stronger
players at bargain prices, allowing future production to continue at an even
lower cost basis as the debt loads are no longer present.
spikes such as US gulf coast hurricanes or summer driving season, is if
there is a major, extended war involving multiple oil producing
countries, or political leadership changes and the monetary and
regulatory environments change such that the world economy sees
a significant increase.
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