Wednesday, October 13, 2021

Oil drillers not yet for hire

 

Mining on the left s too low for a bunch of oil driller to have been hired.   Texas oil suffer domestic inflation.   That confounds petrobanks. The dollar is still holding even with oil up five bucks. 

Saudis keep dollar price just below US fracking costs as best they can. US domestic inflation can drive oil prices up faster than we think.

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