High Price of Oil and Gasoline: Are US Oil Producers Manipulating the Market?

[PurplePunch2017]

Originally Posted by EDS_

There is a mood afoot in West Texas to keep Wall Street out of the next run up so much as possible and to manage the next run up much more carefully.

ETA - I want to be careful. When I wrote Wall Street I didn't mean stock owners I meant financial houses muscling into deals and rights acquisition via liquidity. These cos. are great at pumping in 20% of the money and wanting 40% of the return.

They're adorable out there. West Texas can't help itself to not overproduce and no one made them take all that money. The WildCatter mindset and prudence have never gone hand in hand.

[EDS_]

Originally Posted by PurplePunch2017

They're adorable out there. West Texas can't help itself to not overproduce and no one made them take all that money. The WildCatter mindset and prudence have never gone hand in hand.

It's human nature to produce all one can in good times....farming, oil whatever.


At least the big independents and the majors are taking a much more cautious approach this time, so far anyway.


For little guys like me it's a big opportunity.........a few of the old line big money West Texas families are all in.


I traveled to TPB four times in June and I'm going back Tuesday dark early to stay for a couple of weeks. It's an interesting time.