Because oil is too cheap right now. We should be buying oil
.................
Not this year or 2015. but in 2016 when prices spike from rising world demand for oil caused by lower oil prices.
It’s the reserves.
We can buy now and hold.
I don’t see it falling below $65, but that is more gut than economic science.
Heck we could play the commodities market and pay off a percent or two on the debt. /S