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2 Jan 27 2015 @ 5:39am by Matt Smith in Crude Oil, Global Energy

File Under: Rig Counts, Capex and Company Consolidation

It was a late night for me as I appeared on CNBC Asia to respond to OPEC Secretary-General El-Badri’s comments that oil prices are bottoming out. His concerns about a lack of investment in the oil and gas sector seem a more legitimate argument, something we discuss via companies cutting their capital expenditures and a falling rig count. Hark, click on the below mugshot to launch to the clip:

2 Comments on this post:

  1. Hey, Matt, you changed your photo. Whassup with that?

    Enjoyed your call-in comments, especially about drillers optimizing their fleets and cutting costs so that even if they’re using fewer rigs, production will continue to be robust.

    John.

  2. Matt Smith says:

    Hey John – great to hear from you, hope all is well! That photo is years old, no idea where they got it! Glad you liked the comments – is going to be an amazing year to see how it develops. But I really do believe production is going to remain robust – efficiency is the theme for the year.

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