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I am in full agreement with Cheeze! Further, Atlantic Basin oil production is growing, cost of production is dropping, which means that N. America, by far the largest energy consumer, no longer needs to purchase Middle East oil. Oh, sure N. America will buy Middle East oil here in there, mainly for political reasons - ie., because Middle East oil will be cheap, and one needs to keep other suppliers honest, of course. So, what is my prediction: we will have a pretty stable oil prices for next two years 'plus', something like US$16 to US$13 trading range. Of course, here and there this range will be broken - I say at times we may see as low of a dip as US$11, or the high blip up to US$19. All in all, if one insists on dabbling in energy / energy related stocks, and make money, one needs to stick with: low cost producers, low cost finders and 'better mouse trap' production/development service companies. Because the bottom line is: no matter at what price energy is trading, there will be exploration, there will be development and there will be production.

Cheers!!!
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