VBIN's oil stock thread.

[vbin]

Thank you for sharing all the thoughts both of you, very informative. I have read it 3 times. @EricL seeing the production go low makes me more confident on the fact that there CAN be a super cycle but I feel the timing to roll back production if prices go up is still a speculation of speculation. Fenders is saying OPEC countries can ramp up production quickly. I have no idea how quickly.

Also there is a question on how long this virus will last so far my wife's thoughts have been accurate on virus( I feel women in general have a good sense of situation, as they try to be more realistic). She is betting covid going into 2022, so are my medicine friends + people won't bunker down but won't mingle like before either. So any money I put in oil, I am ready to forget it till 2023-2025 and collect dividend( if that will still exist).

Human tendency is to underestimate or over estimate. We underestimated covid and I do feel now we are underestimating the supply demand problem that will be cussed for oil.