Thank you Kit. I believe US producers will respond to price/return signals. Meaning if oil rallied to $90+ in a situation driven by booming demand (rather than say what could be viewed as a one-time geopolitical disruption), I think they would respond with higher supply in that scenario. I don't believe politicians from either party can brow beat companies to produce more.
Keep up the good work Arjun. Do you think Trump will succeed in getting US producers to over produce, or will their discipline stay in place?
Thank you Kit. I believe US producers will respond to price/return signals. Meaning if oil rallied to $90+ in a situation driven by booming demand (rather than say what could be viewed as a one-time geopolitical disruption), I think they would respond with higher supply in that scenario. I don't believe politicians from either party can brow beat companies to produce more.