Comment by smallerize
5 hours ago
That used to be true, but things have really settled down. Notice the lack of rushing to start more fracking or refining projects during this crisis.
5 hours ago
That used to be true, but things have really settled down. Notice the lack of rushing to start more fracking or refining projects during this crisis.
I don't know that I would hear about it. How would I know?
This is probably the most relevant metric:
https://rigcount.bakerhughes.com/
Not seeing a bunch more rigs operating means there new drilling isn’t ramping up.