back into the 30s, page-7

Don't forget about the upside to the oil prices. We're still in an environment where the world GDP is way down on average. Once economies pick up, $80 oil will be a distant memory. I'm thinking more like $120 minimum in late 2011... but I've always been an oil bull, the demand growth is beyond doubt tipping the world's supply way out of balance. If %80 is the price with US GDP in the doldrums, and the unemployment rate at 10%+, any improvement in those numbers will mark the start of an oil rally (IMO). I think oil can get to over $100 on a couple of pecentage points of Chinese GDP alone. With 20 or so wells for the JVP in a couple of years that revenue should be well over $1m a day. Hold on to your hats - this is just the start.

All IMO DYOR