Matt Randolph (Mr Global)
👤 SpeakerAppearances Over Time
Podcast Appearances
So we're going to experience high prices at some level for quite a long time.
I don't think we see pre-war level gas prices for the rest of the Trump administration.
It was like 230, right?
Yeah, we were in this sort of perfect scenario before the war.
Like OPEC was producing more than we needed.
The world was producing a couple of million barrels a day more than we were using.
We were stacking it up in storage and supply.
That's a very rare event, right?
So we're not getting back to that.
That's not a thing.
That's going to happen.
That's not really accurate.
We'll get the production back.
It'll just take quite a bit of time.
Because they're shedding in entire fields.
And things sit and they corrode.
And all of the
The only way to maintain an oil field and all of the surface equipment is for it to be running.
It's once you shut that down, then you shut down all maintenance of it.