Originally Posted by
Bobdn
Yes, ok the pure fracking needs more. But for the Exxons and Chevrons, they're still printing money with oil over say $60 USD I assume.
I don't know a great deal about it. Just surface knowledge. Loving the history of oil at the moment. Just about to finish the Oil Kings (published in 2011) "How the U.S., Iran, and Saudi Arabia Changed the Balance of Power in the Middle East" and my next book is The New Map by D. Yergin.
I have this fantasy that oil stocks will be like tobacco stocks, unloved for the next 20 years but making obscene profits. With dividend reinvestment into my oil heavy dividend funds, in 20 years, assuming I haven't died, I hope to come back onto this forum and declare victory.