Everyone asks me these days….will the oil boom continue with crude prices at these levels? I say – YES – it will. Why? For one, technology is improving rapidly. While this is expensive oil to extract, we’re getting better at it all the time.
Second, I think this is a blip, not a trend. The rest of the world needs 100-dollar oil, and I think prices will levitate back to an acceptable level before long.
Third, once we woke the sleeping giant by unlocking these prolific shale assets, there’s too much at stake to lose by slowing down now. Yes, drillers have to make a profit – that’s the bottom line. Some of the more expensive areas might slow down temporarily, but I’m not.
At Breitling energy, we’re going to KEEP DRILLIN’.
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