VBIN's oil stock thread.

[fenders53]

News the past few days has been fast moving. I put some woke stocks in my port because I expected some gradual shift but I was surprised to see the big funds turn the ESG gang on the majors. I believe your oil supply/demand thesis for the short to midterm, but I am mostly going to stick to XLE for awhile. I am all for a slow transition to renewables as tech allows, but the greenie activists are acting like big oil can just flip a switch and change the business model in a couple quarters. Seems like a ridiculous expectation to me. Things are going to get interesting before long.