Costs to drill new wells are up as much as 30% in under 3 years and many oil service companies will be forced to…
Josh Young with Jason Burack of Wall St For Main St
Jason Burack of Wall St for Main St interviewed returning guest, oil hedge fund manager Josh Young.
During this 40+ minute interview, Jason asks Josh about the OPEC production cuts and if OPEC will actually cut production more.
Josh thinks that OPEC and OPEC+ producers are running at full capacity without investing in capex enough and will have a very difficult time maintaining and also growing new oil supply.
Also, costs to drill new oil and natural gas wells are up as much as 30% in under 3 years and many oil service companies will be forced to start raising prices soon.
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