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From: JonH🍕
Oil is presently cheap. Thing is there has been a few years of underinvestment in capex. Oil cos have effectively cannibalised themselves. New supply coming online now is the result of exploration and investment years ago. The low prices won't last as there isnt sufficient new supply coming online. The ME situation simply brought this forward. Its the classic boom and bust caused by underinvestment. ESG exacerbated this. Edited on 07/08/2026 at 11:17:15.

Current Thread	Author	Time
I've just recorded a 32 minute a little rambling but coherent while speaking of v. ... [more]	LP12	00:35:44
>> Well, i've watched it back, written up the 'what's this video about' (4060 words) ... [more]	LP12	10:18:56
>> Oil is presently cheap. Thing is there has been a few years of underinvestment ... [more]	JonH🍕	11:03:16
>> The huge change in the last few years in the oil universe is the increase in ... [more]	Free Thinking Doggie	11:32:16
>> ......[more]	Free Thinking Doggie	11:34:26
>> there is a glut of oil in reality, and if markets were allowed to free ... [more]	LP12	11:56:12
>> Can be lonely at the beginning of these bull markets 😂	JonH🍕	13:01:17
>> bah.. humbug! I don't need the money beyond buying luxury iutems like ... [more]	LP12	13:19:09
>> I do wonder......[more]	Free Thinking Doggie	12:42:27
>> I looked it up, and I suppose, 'it could be'....[more]	LP12	13:11:10
>> .....[more]	Free Thinking Doggie	14:25:58
>> Underinvestment...[more]	JonH🍕	11:12:09
>> Link's no good. I take your point about price ... but in a relative way, to ... [more]	LP12	11:22:08
>> You ought to get out & about in your region, make a few videos showing people the ... [more]	Free Thinking Doggie	09:04:14
>> There are some stunning places not that far from you. ...[more]	Free Thinking Doggie	09:28:47
>> Under 2hrs drive from you.	Free Thinking Doggie	11:25:17
>> He should recreate that wonderful driving video, taking care to mask the speedo.	Hamsterwheel	09:56:41
>> I appreciate your appreciation of that video, it really was a favourite and ... [more]	LP12	10:05:24
>> It was as much the glorious scenery as it was the fast driving. Proper ... [more]	Hamsterwheel	10:16:26
>> Watch this to see how Harry does his trips which make him £££...[more]	Hamsterwheel	10:19:00
>> Took this at the Classic GP Monaco years ago......[more]	Free Thinking Doggie	12:31:30
>> Proper old school with his highlighted maps	Hamsterwheel	10:26:42
>> Jura Journeys and Jaunts	Hamsterwheel	10:27:19
>> Plus Switzerland of course. Could be popular.	Free Thinking Doggie	09:49:28
>> Better eat something whilst it loads...[more]	JonH🍕	08:01:00
>> Sleepwalking our way to bullSHit, could be one working title I'm likely to reject. ... [more]	LP12	00:38:29

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