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He figures we are range-bound between $80 and $100

because at $80 and less, many of the expensive oil sands

and shale plays become uneconomic and over $100 there is

so much, you have the reverse. Just so much that becomes

suddenly economic and will be mined, processed or

drilled for.

His crystal ball if he had to use it, suggests $90 for oil

next July 1st and $100 next Christmas, which is a good

range still, for good operators.

As far as the economic mess going on in the world right

now, he suggests, so if there is a little less manufacturing

or a little less cars on the road in Europe, there’s still all

that big increase in demand from other areas of the world.

As far as a stock he would watch, he reminds us he is a

little closer to retirement than many of us, so he finds himself

looking at some more senior stories and the one senior

story that he is absolutely fascinated with is one in his own

neighborhood now and that’s Tullow Oil. There’s talk that

their fan offshore French Guyana is suddenly being described

as a super-fan and that Tullow might have five additional

of these super-fans. He suggests Tullow might yet

be one of the stories of the day.

It’s amazing the success Tullow has had over the last

few years, offshore Guyana in Africa and putting the theory

together that where Africa and South America were joined,

meant that area of South America (where CGX is) simply

has decent odds of big success in the Guyana Basin.