With 6,000 drilled but uncompleted wells (DUCs) waiting to be fracked in the U.S., a fracking boom will begin. Supply will outpace demand and BUST ! Prices will fall. We will experience another wave of bankruptcies as the remaining debt-ridden laggards go belly up. But Here’s the Good News for Oil $500
The next oil bust will be short lived.
As I have said, the unconventional boom driven by shale and tight oil sands is unlike anything we have experienced. These wells decline rapidly.
Once drilling and fracking stops, daily production will quickly fall.
But again, demand will continue to accelerate.
The emerging markets around the world will require more oil as their economies grow. Expanding GDP will produce a growing middle class. That middle class will buy cars and increase demand for gasoline.
As we’ve discussed in this book, China and India will lead the way.
I can promise it will be a bumpy ride. But now is the time to get in.
The next supercycle in oil is closer than you think.
Oil $500 is real . Get in the game today .
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