sport football: This Is Who China Is Turning to for Oil

Jumat, 25 April 2025

This Is Who China Is Turning to for Oil

Keith Kohl/ Apr 25, 2025

This Is Who China Is Turning to for Oil

Three months.

We only have about three months left before people start to catch on to just how cheap oil is. If you thought that oil at $50/bbl wouldn’t have much of an impact and is good for the U.S., just wait until summer rolls around.

I told you yesterday that we’re due for a crude awakening, and it couldn’t come at a more important time.

Look, you don’t need to be an economics professor to see what’s going on. Low oil prices will have a direct impact on drilling activity in the lower 48 states. Believe me, nothing will shut down drilling in the U.S. more than cheap crude prices; E&P companies will go into survival mode if oil prices remain this low for long.

And as we learned recently, oil companies in Texas fields need crude prices between $61–$70 per barrel just to break even. Remember, our oil output grew by a paltry 2% in 2024 after experiencing a huge jump the previous year.

This is a problem because many projections from groups like the EIA and IEA are relying on the U.S. to carry the brunt of non-OPEC supply growth in 2025.

That’s simply not going to happen anymore. But there’s more to this story than just lower output growth in the United States.

We’re slowly losing our most valuable source of oil, and nobody can see it coming.

>>> Read the full article here.

Feedback? get in touch

Read this email online

Manage Newsletters

Share on Twitter

You signed up for our newsletter with the email indra21poetra@gmail.com.
You can manage your subscription and get our privacy policy here.