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We'll bring the entry but Stephen back to you OPEC is it conceivable that the United States at least.
Could have a lot more effect on pricing globally of of well because of the supplies -- Going online.
And there is and we look at OPEC obviously they're going to be the largest producer of about thirty million barrels -- US is around eleven right now.
When you think about the growth in oil production over the next five to six years.
There's about six million barrels of growth in non OPEC production about four that is within the US.
So that is a key driver to work determines prices over the next several years.
Another factor to consider is the spare capacity within a cartel -- -- -- a driver of price when it's -- prices tend to go up.
As the US search produce more oil.
And the cartel has relied upon less for that incremental barrel.
That increases their buffer and it could help.
But so far as we've seen all this new oil come online in the United States and we US -- pressure of course natural gas is well.
Whenever I ask anybody why -- gas prices still going up they say well it's just it's just a drop in the bucket -- say is that true or is are we reaching the point where -- production -- increased so much here.
By about a million barrels a day that in fact it will affect the price of gas.
You -- you shoot a big differential between crude prices in the mid continent and crude prices -- -- which everybody looks up but even Louisiana light crude on the Gulf Coast.
As we get better take away capacity from the mid continent from the Cushing hub in Oklahoma as that.
Capacity opens up you should start to see the difference between Brent and WTI -- The other issue we look at is refinery capacity.
We're building some incremental capacity were upgrading some of our capacity but that's -- driver of gasoline prices because that allows us to turn crude into gas.
Whatever happens with the price of natural gas gasoline or oil still oil -- services.
We're gonna to have a lot more needs for them in terms of pipeline production in terms of all of -- the various.
Means of -- that we have now when.
That means that companies like Halliburton and superior energy are well positioned to take advantage of this right.
-- of our favorite stocks Halliburton the the largest pressure pumping company in North America.
There the company most exposed to the non conventional development of both crude oil.
-- natural gas in the US we've gone -- a little bit of a bumpy time in the last eighteen months things are starting to recover.
The oil rig counts fairly -- -- -- for account if you believe it or not is that the the lowest level since may of 1995.
So we would expect the start to see that climate as they did you get a confluence of the -- and -- -- -- program.
I should be very positive for help over and superior energy secure energy is this mid cap company it's it's got a good growth profile over the next couple years.
It's probably gonna make about toolbox -- earnings this year -- the earnings power in the mid fours over the next couple years.
Very well exposed to the non conventional plays in North America aren't we haven't even begun to talk about liquefied natural gas -- -- change the whole ball game.
But we're gonna have to have you back as we have -- news thank you very much good to see it --
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