Indeed oil has come down heaps, but that too is setting itself up for the mother of all rallies. CAPEX on exploration will be down, less profitable rigs will be closed, depletion running at 9%pa, strong demand all point to higher oil prices, not to mention the inflation that will hit the system from the CB's soon. I'd love oil to come down to $10, then I can ride the rally to the hundreds cos that's where it's going.
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