Eng12345

I agree with your general thesis... ultimately I think we keep oil prices bottomed in this range of $80-90 for longer than is expected - regardless of recession risk or other. The big thing for me seems to be the big russian question. That said if I see my oil stocks starting to make significant capex investments I will be out fast...

Viking - any idea on how many barrel per day delta from current market conditions we would need to be at to reach $150 oil?

Just finished this book up and rather enjoyed it. Found it interesting from a more 'academic' perspective than I usually read. Very interesting to learn how economics has developed over the last ~40 years.