RE:RE:RE:RE:RE:blowout earningsOil is and always has been a key input into every type of economic growth imaginable. Airlines, automotives, industrials (mostly), railways, even banking through loans to oil companies the list goes on and on. All dependent on a profitable price of Oil. Yet here we are at $40 Oil after a brutal collapse from $65 + and may not see anything higher than $40 or $45 for some time. My belief is that the reason going back to 2015 when oil collapsed from $100 is that Russia and the middle East are sitting on massive cheap oil finds that they can simply flood the market with at any time to punish oil prices and countries like Canada and the us that have higher costs of production. They are eating economic war on north America and are more than happy to sit on $40 or even lower oil while watching north American oil producers get into serious trouble (chesapeake anyone?) Play the waiting game and invest in companies who have the balance sheets to wait this out even if it lasts years before this cheap oil is used up and OPEC has no more chips to play. They are trying to drive our companies out of business. It's a known fact but still I fully believe it to be true. GLTA