Barrel Costs, page-91

One also has to remember while we have seen $70 oil before we nave never seen it with

this level of world demand

these levels of development cost bases

in the new era of oil supply where all new supplies are further, deeper, father, harder and more expensive to produce

all this bs about a long term decline will stall so much production that it would quickly fix itself...amd ot wont be companies like sea that get hurt.. It will be those with ridiculous debt, huge infrastructure and transport costs etc

get ready to buy folks if these short term traders panic further the buying op will be good but brief