How likely is another bust in a couple of years?


How likely is another bust in a couple of years?

I say a couple of years, but it could very well be one year.

I'm in Europe and looks like it's mostly the USA who are recovering from the current bust. Around here things still look bad for the workers.

Considering Shale drillers are back at it in full force, or at least that's what it looks like from here, how likely is the oil price to drop and markets go bearish again talking us all in a rollercoaster of oil price dips?

I know the industry is cyclical and there's always boom and bust times, but things look different now somehow.

Any insightful comments?

Submitted May 12, 2017 at 12:53PM by TheWellsiteGeologist
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