Mostly: Classical

[nspolar]

Chary, I don't think nasty is going to give back much here fwiw. A little, but not much. Right now I expect a minor retrench in Nasty towards the end of this month, with a big lift off in early Dec. We see.

A lot of bears have real fundamental problems with all this. I used to be a bear to ... but that was quite a while ago.

I have done a fair amount of traveling over the last few years, and am involved in big oil. I do not have a fundamental problem with what is going on. The world is extremely vibrant imo, and the US is not the only one driving the ship anymore. Heavy industry is making a real return imo, a real return. Not just due to energy projects either. Heavy industry is not set up over night, like some tech. It is big mullah and lot of work.

And guess what - heavy industry uses a lot of tech stuff these days. A lot. Lot of linkages.

I make it a point to ask a lot of questions, when I visit big industry. Not all are necessarily related to the purpose of my visit. Taxi cab drivers are also interesting to talk to.