Natural Resource Market Commentary
Comment of the Day

August 06 2020

Commentary by Eoin Treacy

Natural Resource Market Commentary

Thanks to a subscriber for this report from Geohring and Rozencwajg which takes an iconoclastic view on the outlook for oil. Here is a section:   

Eoin Treacy's view

A link to the full report is posted in the Subscriber's Area.

Financial discipline has been imposed on the shale drillers so they no longer have endless supplies of cash to fund expansive drilling programs. Investors have, for the last few years, only been willing to support the most lucrative of potential operations. That has resulted in the best and most accessible resources being drilled as companies sought to achieve economic costs of production.

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