There is a clear possibility that WTI will fall to the low 20's. That will be a disaster for our market and, I would say, for all our oil producers. One example is OSH that looks like it is heading to around 1.50 ish. That will probably be the end of them ... heaven help the others ... even WPL could be at 2003 prices of around $10. Big issue is whether the carnage on the oil stocks will move the XJO below 5000.
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There is a clear possibility that WTI will fall to the low 20's....
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