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SeaDrill Limited Message Board

  • mahat_magrande mahat_magrande Jun 11, 2014 5:26 PM Flag

    Demand for Oil Drilling Rigs Could Soar

    If there is continued turmoil/uncertainty in the Ukraine and if Al-Queida disrupts the major oil production in Iraq.

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    • Just wait until the "Gitmo" generals Oduma released get back to their day jobs. Iraq is already a Dodge city, soon it will surpass Detroit and DC for shoot outs. But remember Fracking and any drilling is our number one problem, based our Liberal press. Yea, lets see Solar and Wind are less then 3 percent of our energy production, hope they have plenty of air in them bike tires. Bottom-line Iraq's oil production will decline for years.

      Sentiment: Strong Buy

    • Plenty of spare production capacity at OPEC at the moment.

      The globe is awash in supply of oil, and its the political unrest that has led to speculation of sustained disruptions far into the future which may eventually crimp supply. That is not today's fear, however.

      Yes, to your point, demand for UDW will rise. Supply is already rising to meet that demand, and the balance is precarious, and there are many moving parts.

      • 3 Replies to play_tow
      • to play-tow

        yes we may awash in oil now.. see where our worldwide reserves are in 5 yrs. all fossil fuels are diminishing resources. In the next decade large oil discoveries will be found deep in the earth..thus SDRL as a leader in exploration. More earthquakes due to fracking as we have had recently in Oklahoma will possibly lead to a fracking moratoriam in some states. However if we ever get a republican president all bets are off on stopping fracking..screw the home owner..big oil will reign supreme.Let the homeowners move to the mountains with their new found fracking riches.

      • Play_Tow

        I am not so sure as you that the Saudis still have the developed extra capacity that it once

        I also do not think that recent political events have much impact on NOC or GOC's large
        E&P project development. These huge projects are based on much longer forecasts than
        the "uprising de jour" which seem to occur on a regular basis, somewhere on the globe.
        No real added demand for UDW projects due to 2014 events.


      • Actually not. OPEC is estimated to only come up with a little over 1 million more brls....mostly from SA.

    • Oil surpassed $106 per bbl this morning

3.27+0.120(+3.81%)May 27 4:02 PMEDT