tag:blogger.com,1999:blog-816559531110064247.post4675681435847368886..comments2024-03-08T01:03:44.522-08:00Comments on Humble Student of the Markets: The weak USD scenario for equity bullsCam Hui, CFAhttp://www.blogger.com/profile/09672203690656029787noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-816559531110064247.post-14805040010402617462015-10-18T15:58:40.921-07:002015-10-18T15:58:40.921-07:00I have nearly 40 years experience in the oil and g...I have nearly 40 years experience in the oil and gas business. I need to point out that the chart you show on "US Oil Efficiency" is misleading. 1) This reelects US fracking which because it is the new tech kid on the block is making strides in improved efficiency but it is only 5% of global production. These efficiency gains are not typical in non fracking production. 2) Wells produce long after the rig is off location. Active rigs could drop to zero and the efficiency would be infinite?? <br /><br />Essentially this chart shows lot of legacy production from rigs that left the site maybe decades ago versus a cratering of active rigs - the resulting downturn in production is just now being noticed in the stats but will be with us for decades.<br /><br />I will send you a presentation to your email on this. Anonymoushttps://www.blogger.com/profile/12731628794130323621noreply@blogger.com