Bear Hibernation So from my calculations you ultra bears have about 600 sleeps until wolves come to tear you down... This is going to happen regardless if you want to believe it not.................................................................................. Right now we are in the 3rd year of 40% year over year global decline in upstream investment that statement alone is scary ................................................. US has added production recently most of which are projects and funding pre 2014......................... Shale Wells only up 30k barrels after doubling the amount of rigs............................................................................. By late 2019..................... Globally we need an extra 3.2 MBPD production............................... The amount of new global investment realistically will only hold oil production flat.........................reduction in upstream investment is going to CRUCIFY the bears and punish the average JOE as supply downfalls vs demand spikes become more and more apparent....................................................