What the shorts and bears do not understand!A lot of people are not looking past the short term when it comes to oil pricing. There is a natural decline rate of oil well production. New wells produce more oil than a 6 month old well. That 6 month old well produces more than a 1 year old well and so on until the well is completed. With the massive capex cuts that have taken place in the industry, there is not enough capital to put into starting new wells. Almost all cash flow generated by companies now is spent on interest payments on their debt and some are beginning to turn the taps on I completed wells. These I completed wells obviously have a shorter life span than a new well and do not produce at the same rate. Even if the rig count starts to increase, production will continue to decline and will we see a supply shortage. Combine this with current demand growth of 1.4M bpd and we have the beginning of an oil shortage crisis. The longer prices remain depressed, the more well production rates decline and the longer it takes to start drilling new wells. This is information every oil investor needs to know. Now all you shorters and bashers can go ahead and 1-star me. I really don't care. People need to know this. A year down the road, we will see significantly higher oil prices. Higher than most people on here expect. These are the fundamentals and what I look at when determining whether to invest or not. Look at the big picture guys and look beyond the next few weeks. Yes, there will be volatility and you could possibly make some money trading but you can also lose some and decrease your share count which will hurt you in the long run. Not everybody wins trading so decide if you are willing to take the risk or going with the next best thing to a sure bet and taking a long position. BTE is better suited than most to ride the price upward. Watch and see!