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The price increase, and the anticipation of the price increase, means that if you have the ability to produce oil, now would be a great time to be drilling well
by bluGill 6mo ago
The price increase, and the anticipation of the price increase, means that if you have the ability to produce oil, now would be a great time to be drilling wells. Of course, you have to consider the late time between how long it takes to drill a well and get production versus how long you think this will go on. Still, it's a reasonable investment that the oil business should be looking at right now.