Permian leads the shale charge

Wait a minute – just one year ao we were at single-digit oil prices. Those could not have held of course but not only have we moved away from single-digit but we have been solidly above 50 for a while now. Brent had stabs at 70 at times. We are at an oil price level that should make most shale developers pretty comfortable. Of course, there is the Biden uncertainty and green activism that throws up uncertainties but I have a feeling that both will not have a bumper year in 2021. Shale hoo …