For all the people say the oilfield is dying....

It's picking up again here in northeast pa too it looks like

 

WTI is at $62.40 right now.

I find it hard to believe the oilfield would be dying when the barrel price is high enough for most producers to be profitable.

 

Holy smokes. Last time I payed attention was that month where the price fell into the negative. $62 bucks a bbl is enough for even the bottom dwellers to make money. Are we still in a glut? I really haven't kept my ear to the ground much.

 

yeah and its going to go a lot higher. probably 100$ a barrel by Q4
get ready for much higher prices at the pump
the problem is we aren't going to produce oil here. we're going to have to import it.
last time oil was 100$ we produced most of our supply. not anymore
the economic policies are going to be catastrophic for anyone in oil. bidens first day he ended the keystone pipeline. it's only going to get worse they have their 0% carbon by 2030 agenda ready to go in full motion