VBIN's oil stock thread.

[fenders53]

As long as oil companies are restoring balance sheets and not expanding production we will be subject to spikes. OPEC will keep an eye out for new fracking. Other than the episode last spring with Saudi and Russia, we were the ones wrecking prices for years. $50 oil and $100 oil in the same year won't shock me, but not until next spring. Renewables won't have much effect until they can completely cover new demand growth. I won't own oil from that day forward as low cost producers with no other resources try to get whatever they can get. That year isn't real soon.