I don't understandOil price remains strong and well supported at...

I don't understand

Oil price remains strong and well supported at these levels and because it drops a few bucks we try to give the impression the price is a problem.

Please!!!

When the sweet and sour start going sub $90 and $80 and remain there for any period of time then we have a problem with price. Otherwise these $2 - $4 drops are just trading limits. 6 months ago people were calling for oil to be sub $80 since then it has only gone higher.

Not sure why peoples horizons don't go back past last week. Things seem to have to be moving up at all costs otherwise we are all doomed. The psychology is fascinating.

All DLS earning projections and assumptions are based o a price well below what is being paid atm so I can't see the problem with price.

Cheers
BW