Caspian report is rarely wrong and if he is, it's always for a good reason. I didn't watch the video but increased oil prices is obviously in Azerbaijan's interests which he shapes his videos towards. Logistics and supply routes have been so badly disrupted when they are allocated again they will definitely be less efficient so it's a pretty safe investment in the next few years. With so many energy targets (that almost certainly will be missed) oil prices have an uphill battle but we will see
Originally posted by Sudo
Caspian report is rarely wrong and if he is, it's always for a good reason. I didn't watch the video but increased oil prices is obviously in Azerbaijan's interests which he shapes his videos towards. Logistics and supply routes have been so badly disrupted when they are allocated again they will definitely be less efficient so it's a pretty safe investment in the next few years. With so many energy targets (that almost certainly will be missed) oil prices have an uphill battle but we will see
once the iran deal (JCPOAII) goes thru the prices of oil will drop back to 2016 level.
Originally posted by aldra
you think rigs don't rely heavily on robots?
They do but there are a lot of people there too, oil fields at least in my country are all people heavy industries with entire towns based on that economy. If you think about it an "oil and gas town" has no reason to exist. If they all got replaced by robots they wouldn't live there.
I can see a future where energy production is entirely automated, with AI controlled heavy machinery, trucks, pipelines with only service techs repairing and maintaining the various systems and machines.