Oil Price, page-2

Not sustainable in the long-term Aqua, but I can see the OP staying at these levels for a while yet. As the article points out, it's only a deficit of $30 odd billion, which can easily be covered by the Saudis vast sovereign wealth.
This is all playing into the Americans hands nicely (no accident I'm sure!). Russia, Iran and Venezuela on their knees... In time we may well see the Russians softening their stance on the Ukraine and Syria, while Iran might just sign up on slowing their nuclear ambitions. And wouldn't the Americans love to be rid of the left-wingers in Latin America... Pretty hard to bank roll socialism without the oil revenues...
Meanwhile China as a huge oil importer will benefit massively from cheaper prices which should lead to higher growth and in turn higher demand for oil.
This may take a couple of years to play out but as has been pointed out, will also mean more rigs at a better price.. Perfect timing for an aggressive appraisal campaign
You've got to hand it to the Americans, just when you think they're slipping they pull moves like this and get back on top.
Hopefully the OP will moving on up just as we're proving up Senegal as a massive new oil province.
Good luck Far holders, here's to 2015!
IMO/DYOR