MOST BIG OIL COMPANIES EXPECTED TO SUSPEND BUYBACK IF OIL FALLS BELOW $50

There is no "Drill Baby Drill" with oil at $50/barrel.

Hello,

Hope you’re weekend is going great!

This week the WSJ reported that “Weaker Oil Prices Threaten European Oil Majors’ Buybacks Next Year.”

At the end of the day, who cares about share buybacks? Oil at $50 will lead to a U.S. shale growth decline and plateau. Lower oil production is not an option for the U.S.

This issue will come to the surface much before 2027 which is driving geopolitical initiatives.

You can keep thinking that the escalation is Venezuela over is over drugs, but listen to the most recent Nobel Peace Prize winner Maria Corina Machado message for Donald Trump:

Forget Saudi Arabia, I mean we have more oil than them. I mean endless possibilities. We will privatize our entire industry for you. American companies will profit greatly!”

We will invade Venezuela for drugs for the same reason we invaded Iraq in 2003 for WMDs.

Only time will tell.

Thanks for being here.

Casey Donaldson