Chart has short term potential, page-157

I agree Pat , the wheels of recovery are turning slowly , but still they are turning . Every bit of information points to a price recovery , but there will be bumps along the way , we all know that and have made the necessary adjustments . Patience is the key here , all the rest is white noise . The bottom line is no one can produce oil at these prices , and as this persists more and more oil will come out of the market . Furthermore I believe that so much damage has been done , that we can expect much higher oil prices and a mountain of E &D will follow , raising contract prices and day rates for MRM .... Cheers Pat