VBIN's oil stock thread.

[vbin]

(02-03-2021, 09:13 AM)EricL Wrote: The last time exploration budgets were this low was '05/'06, which precluded the price spike to $140 in 2008.

And the 2021 budgets are even lower than what's shown because they've been cut more in recent quarters.

Thank you for sharing this Eric. Fenders this is a cyclical commodity, and we are at the bottom or near bottom. Guess what's next int eh cycle?