WallStForMainSt: Robert Rapier: US Shale Boom (Growth) Will Continue for Short-Medium Term Only?

  • Sunday, 10 June 2018 22:45
Jason Burack of Wall St for Main St welcomed back returning guest, oil and energy expert, Robert Rapier http://www.rrapier.com/. Robert has over 25 years experience working different jobs in the oil and energy industries and he also writes paid investment newsletters about the industry over at Investing Daily. 1) Why aren't Permian Oil Producers Profitable? https://oilprice.com/Energy/Crude-Oil/Why-Arent-Permian-Oil-Producers-Profitable.html 2) Sleepwalking Into The Next Oil Crisis https://www.forbes.com/sites/rrapier/2018/03/23/is-the-world-sleepwalking-into-an-oil-crisis/#76486cf944cf 3) Permian Basin Oil Boom Causing Enormous Labor Shortage in Texas https://www.zerohedge.com/news/2018-06-08/its-crazy-texas-roiled-unprecedented-labor-shortage-shale-industry-hires-just-about During this 40+ minute interview, Jason asks Robert if anything major has changed in the supply/demand fundamentals for the oil market? Robert talks about the OPEC production cuts last year and how production continues to collapse in Venezuela. Things are so bad in Venezuela from an oil production standpoint, that production is now projected to fall below 1 million barrels per day for the first time in decades. Production is so low in Venezuela now, that the Russians and Chinese may own all the Venezuelan oil production via off take agreements! Also, demand for oil globally continues to rise. Jason then asks Robert if the oil price is high enough for a lot more deep water offshore oil production to come back online after many deep water projects have been cancelled the last 5 to 7 years? Robert thinks that oil and gasoline prices are not high enough yet to cause major damage to the global economy and cause American consumers to start drastically cutting back on their gasoline usage. Next, Jason asks Robert about his recent visit to the Permian Basin in Texas which is the sole source of US oil production growth. Robert thinks that oil production growth will continue in the short to medium term in the Permian Basin and for the US overall but that the US is nowhere near energy independence and that long term there is still major issues about where future oil supply will come from. Jason asks Robert about discounted shale oil compared to other types of crude and how that affects US oil refiners margins. To wrap up the interview, Jason asks Robert about LNG and the US starting to export a lot of natural gas, if he's worried about the hundreds of billions of dollars in capex cuts that national oil companies and private sector oil companies have made in the last 5-7 years (a lion's share of oil investment has only gone into US shale oil plays) and investment strategies for oil and natural gas investments now at this stage of the oil price cycle. Please visit the Wall St for Main St website here: http://www.wallstformainst.com/ Follow Jason Burack on Twitter @JasonEBurack Follow Wall St for Main St on Twitter @WallStforMainSt Commit to tipping us monthly for our hard work creating high level, thought proving content about investing and the economy https://www.patreon.com/wallstformainst Also, please take 5 minutes to leave us a good iTunes review here! We have 40 5 star iTunes reviews and we need to get to our goal of 100 5 star iTunes reviews asap! https://itunes.apple.com/us/podcast/wall-street-for-main-street/id506204437 If you feel like donating fiat via Paypal, Bitcoin, Gold Money, or mailing us some physical gold or silver, Wall St for Main St accepts one time donations on our main website. Wall St for Main St is also available for personalized investor education and consulting! Please email us to learn more about it! If you want to reach us, please email us at: [email protected] **DISCLAIMER- ANYTHING MENTIONED DURING THIS AUDIO OR SHORT VIDEO RECORDING IS FOR INFORMATION & EDUCATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE INVESTMENT ADVICE. JASON BURACK AND HIS GUESTS ARE MERELY STATING THEIR OPINIONS ON DIFFERENT TOPICS RELATED TO INVESTING, THE ECONOMY, MARKETS OR COMPANIES. PLEASE TALK TO YOUR INVESTMENT ADVISOR AND DO ADDITIONAL RESEARCH AND DUE DILIGENCE ON YOUR OWN BEFORE INVESTING AND MAKING IMPORTANT INVESTMENT DECISIONS.- DISCLAIMER**

Additional Info

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.

Disclaimer: As a news and information platform, also aggregate headlines from other sites, and republish small text snippets and images. We always link to original content on other sites, and thus follow a 'Fair Use' policy. For further content, we take great care to only publish original material, but since part of the content is user generated, we cannot guarantee this 100%. If you believe we violate this policy in any particular case, please contact us and we'll take appropriate action immediately.

Our main goal is to make crypto grow by making news and information more accessible for the masses.