All oil sector would dive, page-13

Chartists may well have a price going to oblivion but eventually real supply and demand kicks in . It may reach some stupid low level but business doesn't depend on a one day price it depends on a average price over a period and OSH has spent it's capital and is now getting a return unlike others in the spending part of the projects life. You need to look at the sustainable oil price and a point in which new supply can be put on line as demand isn't going to disappear overnight. China and opec countries playing a very good game in oil.

I wonder how many chartists will hold their personal short positions all the way to their target $35?

I wouldn't want to be trying to finance any sort of oil plant from scratch at the moment at these prices.