Pre-pandemic
Posted on: March 9, 2022 at 10:22:08 CT
KC rules MU
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Circa $60 per barrel
Nothing has changed except demand during the pandemic causing a collapse of prices and an industry-wide hiatus in drilling. Rise in demand in late 2021-2022 has vastly outran supply. It's only a matter of time until prices subside. It's why major oil companies are cautious about hiring right now because they do not think the price boom will last.