Q: It seems to me, based on market action and even the number of related questions here, that there is an expectation that the oil industry (and mining in general) is soon going to make a comeback and people are antsy to jump back in. Being old enough to have seen other cycles, and from what I read about world inventories and production, I really don't believe we're going back to boom level revenues again until the supply and demand sides cross again going in opposite directions. And this usually takes years, not months, or quarters. Do you think this dynamic currently exists, and is it holding back prices of other companies with money 'waiting in the wings' for an oil recovery?
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Investment Q&A
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Q: What is your position on the price of oil and nat gas going forward?