Wednesday, 11 January 2017

Shiekh Versus Shale. I'm Gonna Show You Crazy

Is a current hit, for the one and only Bebe Rexha, taken from the album, I don't want to grow up.

For those of us, who don't want to grow up, we shall use, Brent Crude Oil at US$56 a barrel, as an excuse to go and punt on oil and gas stocks on Bursa Malaysia.

We shall IGNORE, data coming out from the USA, where shale oil producers, are on the verge of telling those oil rich Arabian Shiekhs : I'm gonna show you crazy.

And how are they going to do that? By ramping up production to take advantage of the higher oil prices.

Here is the latest, US oil production data, and consider yourself WARNED. Read Below :

The Energy Information Administration reported Wednesday that domestic crude-oil supplies rose by 4.1 million barrels for the week ended Jan. 6. That was more than twice the 1.5 million-barrel reported by the American Petroleum Institute late Tuesday and the 1.75 million-barrel increase expected by analysts polled by S&P Global Platts forecast.