Crude oil is $86 today.... beginning of the end?

So...is it this? http://finance.yahoo.com/news/core-labs-ceo-cramer-higher-222849934.html

Or this? http://oilprice.com/Energy/Oil-Prices/Oil-Prices-Wont-Recover-Anytime-Soon-Says-Exxon-CEO.html

I'm so confused.

 

The drilling has slowed but the wells are being drilled. On the drilling side, it's slow but Sorta ok

The major difference is in completion. The hole is drilled but capped. No ####### right now.

What I can say is if demand skyrockets and the price recovers to 100 a barrel again, the uncompleted wells are so backlogged, the next boom us gonna be BADA BOOM

 

Agreed. They are still fracking where I'm at. But I would guess that they're not pumping full out. I see the flow hands come in. My guess is that they're pretty much closing in after flowback.

 

Limited fracking.

After the fracking the flow hand handles what I call the kill the well party. The pressure after the fracking is Hugh and fluid flows, the plugs are still there so after the pressure drops to a certain point they shut it in.

It's like water trucks are the party people that suckers up the beer till the keg is killed, then everyone goes away

 

One co. I know of drills the well and lets it flow through the casing until the RRC allows, then they either frac or shut it in.