Re:Wall Street Is Finally Going to Make Money Off the Permian
by ggm on Thursday April 27, 2023 @09:28PM
(#35736546)
The short form of this is "some people make money drilling for oil, and some people make money by NOT drilling for oil, and some people make money inbetween the two states, depending"
"Making money" is complicated. If you hold rights to shale oil, they may be worth more or less, depending on external conditions. You might sell on those rights, or leverage those rights, and it might go on a long, long time and never be actually invoked to process the shale. It was the act of being ABLE to, which drove the money cycle. It put a bottom over supply chain risk.
"Making money" is complicated. If you hold rights to shale oil, they may be worth more or less, depending on external conditions. You might sell on those rights, or leverage those rights, and it might go on a long, long time and never be actually invoked to process the shale. It was the act of being ABLE to, which drove the money cycle. It put a bottom over supply chain risk.