1982,
SXY swallowed OGY's Aussie assets the other day. Only a small deal ok but 2015 will be full of M&A. Have a look at what's happening in the USA. And China is looking to buy into Aussie Energy.
It is going to be a fun time come August when the USA shalers can't raise anymore money. Bankrupty's galore. & M&A's.
Oil goes higher. ( after going lower ...almost there.)