It's amazing how sentiment can change on a dime. Only a week ago...

It's amazing how sentiment can change on a dime.  Only a week ago it was the end of the world as we know it.   Today everything I'm reading is saying a recovery in the oil market in short months.

Bring on the drilling "AND" an oil price recovery at the same time

Here is another article quote:

In the short term, the oil market is in the doldrums and projects are being delayed or cancelled, left right and center. That will mean that, outside North America, oil production capacity will decline even faster and with the growth knocked out of the shale producers and SAGD projects being put on the back burner, it is only a matter of months before demand starts to exceed world oil production capacity again. A nasty recession might put a dent in demand growth and turn those months into quarters, but eventually capacity will wane, demand will wax, and the oil price will climb once again.