Originally Posted by
Krautwald
What is your opinion, is this development the manifestation of a whole new era with a permanently very reduced RW market, or "just" a long term dip in the industry which will eventually recover, as seen before in earlier decades?
If it's a dip it's the longest in O & G history. The global market started to dip in 2014 IIRC. Fracking has had a huge effect, the oil sand industry is thriving; hate to seem pessimistic but personally I don't think it'll ever recover to pre 2014 or the halcyon days of the 90s.
Just my two penneth.
NEO