5min chapter

Mining Stock Education cover image

"Sub-$100/barrel Oil Never Again" Explains Oil Analyst Shubham Garg

Mining Stock Education

CHAPTER

The Supply Side Isn't Being Solved

The old tired big, big fields of the world are declining. When you produce half your recoverable reserves, you enter a terminal decline phase. This cycle is really going to be an engineers and geologist cycle because they have a different view on the macro side of things from that lens. The wedge between supply and demand gets bigger and bigger where we're heading into natural gas situation. And at the end of the day, it's very hard to see a bear case especially on a sustaining level as I mentioned.

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