Lynn:

Thanks for the very edifying and useful link. It looks to be a good one for news pertaining to the world of oil supply and demand economics.

I listened to the interview of Henry Groppe on Friday. He says oil $80.00 by year end. T. Boone Pickens says $100.00 My opinion, for what it is worth, we are going to be just fine as we get towards the 3rd &4th quarters of this year. Particularly, as Saudi Arabia has been cutting production big time as they need higher prices to justify the fields they wish to bring on to replace diminishing supplies from Gawhar and their other aging fields that are now around 55 years old. They are running out of their cheap $4.00/BBL supply base. Current prices are unsustainably low for the long term curve of both the Saudis and the industrys abilities and the needs to supply world demand.

As the old saying goes, " you can pay me a bit more now, or a whole bunch more later!

Brian