”Come writers and critics Who prophesize with your pen And keep your eyes wide The chance won’t come again.” Nobel Prize winner Bob Dylan must have been an oilman in his youth. How could he have been so prescient to know about OPEC’s November 27, 2014 decision back in 1964? Just in case you’re unfamiliar with the ditty, here’s the video of Dylan performing the song. Spending by E&P operators dropped 71 percent between Q4’14 and Q2’16. Back in June, Bob Dudley, head man for BP PLC, told Bloomberg that the company was a very disciplined operator when it comes to spending. “BP Plc can keep spending at a reduced rate of about $17 billion for another three years without affecting growth,” Dudley said. On the OilService side, spending between Q4’14 and Q2’16 fell faster than a dropped NFL pass across the middle to the slot back when he […]