RE:RatsI did hedging Henry...but reality is down 7% in last week.......My the bears with recession fear are stomping on the bulls with the facts....world wide shortage and Mr Putin is going to turn off the gas next month in Europe....but yes the thesis is trading range between 75 and 150 and a 10-15 ng price is the range....Fact is this is a slot machine at best.....But Henry you know if always buy puts when i feel the market is in trouble....Market equals economy....i noted a handrul of major companies announced significant layoffs yesterday.....but unemployment figures are excellent......your going to have to do some posting on Rocket labs board....their is alot of good pr in past week.......final answer is headline news not fundamentals on oil control the depressed stock prices....30% free cash flow and everything above $60 a barrell is profit which means debt reduction....long term...energy is place for protection ...short term anyones guess....i just know a home i list for 1.2 million in april went 3 months without a veiwing.....So i am renting for $2800 a month.....good capex