Don't forget about the upside to the oil prices. We're still in...

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