RE: oil priceThe Saudi's chasnged the wording of their message early this week.
If I read between the lines, I get: Ghawar is in decline despite all the extra work and extra water being put into it.
$300/bbl within 2 years the way I see it.
Oil equities of all stripes are going to be the new bubble. (Liquidity is still out there, gotta go somewhere).
nb