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Oil and More Oil

Moody's Talks - Inside Economics

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Oil Prices

The cost of putting up a rig and pumping oil varies over time. Right now it's prorbtly on the high sid because labor is more expensive, of sand, all the other materials is more expensive. And ad before russia invaded ukrane, before it got on the radar screen at the start of this year, oil prices were 75 bucks a barrel. So from an economic perspective, that's ecot that's just, that's just economics, right? I can't make money, therefore, i'm not going to put up a rig. Therefore, that's why we hadn't seen more rigs. What do you think? Tom quared, chris, want

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