1. Doubling of production will happen with Algar

2. Goldman predicting $92-$97 WTI over summer driving period, and expects world supply to outstrip demand again in 2011.

3. Speculatative interest by a third party and increased investor exposure to the value of the oil sands space.

Indeed you have some points but until these points are no facts it still remains a speculative guess.

If that's the outcome then there is no reason for a downtrend again .

If oil price goes trough the 84 $ level then we will see interest rising for oil companies.That means we will trade oil in a higher band.where 84 becomes support then.Could be done.

But one negative thing is that inflation is back on track and a fragile economy can't bear that very good right now.