RE:More of - you cannot see us - postedI really think you have no clue. I don't know what you are reading but they have been saying that for 30 years! Wasn't Prudoe Bay, Alaska supposed to do it? The US may get very well get independent but it will take much higher oil prices than $45 or $50 to do it. Boom bust...it is and always has been a cycle and I think we are at or close to a bottom. At these prices, the only real hot spot I have read about lately in the US is in the Permian. Many of the other companies operating in other areas in Texas are losing money and will go bust. North Dakota's Bakken has fallen off a cliff and the companies there are really hurting. A lot of the companies in the US are not making money and just talking it up and hanging on in a desperate attempt to keep their financing and loans rolling over. Keep that in mind the next time you lie and say Tag (who has no debt and is self financing) is going to go bust.
Even if the US actually gets independent, how much do you think this will effect the Brent oil price when the US is only importing 4 billion barrels from OPEC now? What about Canada's 4 billion? Are they going to stop taking in that too? The whole idea is stupid. Give me a break.
And what about the Brent price? Do you think the US is going to suddenly start exporting to Asia? Or Europe? What will effect the Brent price more than anything is Russia and China production, stability in the Middle East and whether consumption falls off a cliff in a worldwide recession.
Your whole premise is far too simplistic and flawed. Even if you are right (you aren't) and oil stays low, the best oil stocks to own are the ones with high netbacks like Tag who can still make money.
If you really want good analysis, ignore whatever the BS artists in the mainstream like CNBC or Bloomberg say. All they are doing is looking for hits on their website so they can feed their sponsors with their click bait headlines. Spend the time and read Art Berman and listen to Eric Townsend. They are actually quite negative on oil prices short term (we can agree on that) before heading higher later in the year. It is a very complex situation but long term, they see oil prices going very high.
https://www.macrovoices.com/
https://www.artberman.com/