Excellent post! And the overall result of this downturn and "collapse" of O&G prices will be a dampening of exploration and even the development of existing reserves, making the "problem" all that more severe once the world economy rebounds.
Excellent post mortgage1! Very well thought out and written on every subject you touched on, especially the being debt free part for Hemi. That is paying off big time right now. I'm more than willing to wait this one out. IMO, I believe you are very much right about the future of oil. SLB is still my favorite big board oil stock of all time. GLTY!