Subject: Re: Crudemageddon
steve, dont leave us hanging on trump's grand strategy...are you doubling new money into integrated supermajors now that oil < $90\b ?
when do we see start of sustained $140/b ?

on an interesting note, profit growth is much higher to those involved in refining and distribution (depots, fuel stations, pipes, etc..).
possibly due to greater activity exposed to spot rather than futures.
profit growth on crude remains rather modest, so sounds like the perfect setup for rightwing media to claim how little 'drillers' are making!