Lightstream Resources Ltd. LSTMF

Oil’s collapse has delayed $380 billion worth of investments

[kmapp]

I don't think anyone anywhere misunderstands that oil is headed lower, we all have got the message. Repeating the message oils going lower over and over again is like beating a dead horse, you have got all you can out of it. What is important to me is to figure out and know when oil will turn around and start to go up. All the effort and endless hours of finding every negative article ever written telling everyone oil is going lower would be put to much better use of those with intelligence to find the articles which point to a turnaround, which will come without any doubt. Just when oil is going to turnaround is the challenge I propose to the masterminds to evaluate and present their findings which would benefit us all a lot more than the current negative messages being repeated endlessly. In past posts I have presented articles about massive cutbacks to capital spending which will affect future production required to replace the natural decline and growth in demand. As in all cycles there is a bottom, which in my opinion is nearly here as many producers can't afford to stay in business much longer, then the cycle starts an up trend years in the making to the top of the cycle. A discussion on the pros and cons with the oil market facing all of us would be welcomed far more than the continual name calling and attacks on anyone who presents an opinion that differs with the constant negative. Below is an excerpt from an article that indicates the process of oil turning around is starting to occur. There are many articles out there that have some details like this and eventually the tide will turn. Your thoughts are welcome preferably without the arrogant ridicule and name calling. kmapp

Cnooc Succumbs to Crude Rout in First Output Cut Since '99
“Cnooc is one of the first of the world’s majors to explicitly say it will cut production,” 
Oil’s collapse has delayed $380 billion worth of investments on 68 major upstream projects, according to industry consultant Wood Mackenzie Ltd.
“This is a classic sign of supply destruction,” Gordon Kwan, an analyst at Nomura in Hong Kong, said of Cnooc’s cuts. The company’s bigger rivals, PetroChina and China Petroleum, known as Sinopec, may reveal similar plans later this quarter, he said.
https://www.bloomberg.com/news/articles/2016-01-20/china-s-cnooc-succumbs-to-oil-rout-in-first-output-cut-since-99