what happens when oil drops

My view is that Oil is in a long term bull channel and witha top at $70. When $70 is hit i see it falling quite quickly in that i mean it could go from 70 to 43 in the space of days. Regardless of the size of a stiff retracement what is the view of the immediate and medium term impact on HDR's price. The posters here have a better feel for how this would impact the price than myself.

A quote I read some time ago and enjoyed was along the lines of "Oil is ulitmately a buy and we love it, but at the moment it is like a baby we in dirty nappies. We still love it but we dont want to pick it up right at this moment" The Daily Reckoning