RE:RE:RE:RE:RE:Oil math You are missing the concept of depletion. We are talking the depletion of mature existing wells and Capex is needed to keep production flat never mind growing it. US shale wells deplete an average of 30% year. You were wrong about NG and now you may be wrong about oil but time will tell. We can all speculate where the price may go and there is more reasons in the mix for the price to go up the way I see it. This argument has been going on here for awhile now and this time last year some of us were bullish and oil has doubled since. We now have mostly the same crowd parroting the same negative sentiment and making like they have called it right when they have been wrong all along. I am only guessing just like the bears here but oil will recover even if it is at a slower rate but my call is 60 this Spring and 65 by year end. BTE hasn't performed well the last few months and nobody can't argue that but take a look at the history on this board and see what posters were saying back in the fall. So here we are tonight sitting at 54 when many were saying what makes you think we are going to 50 when it was 40. Many were saying OPEC was blowing smoke but they came through with an agreement and now the same folks are waiting for the deal to go south. Anything can happen but the oil bulls have been right more than wrong the last year and I believe the same thing will happen this year....mgba