VBIN's oil stock thread.

[fenders53]

Thanks for posting Eric. I mostly avoid the articles because oil bulls have cost me a lot if I get too comfortable with their bullish hopes the past 25 years. They've been overly optimistic before every crash because they are invested deep. They generally post outdated stats on competitive energy sources. My thesis hasn't changed a lot, though I accepted I guessed wrong on 2021 max oil prices in time to capitalize. I still have zero doubt OPEC can feed supply in the near-term. They will soon but they surely know they better let oil prices stay highish. If they let it go crazy high I will cash out half my port because they will wreck the economic recovery in a lot of emerging countries. I would love to know OCT oil prices. I am very unsure. Oil isn't going anywhere for sure. What year demand ceases growing is the big question. I was thinking late this decade but I'm just guessing. Frackers can drill and so can OPEC. We'll see if they do in time to avoid a huge spike.