RE:reply to myhoneypotYou absoulately WRONG, the business fundementals have changed, for companies with a leveraged balance sheet and undiciplined management and no hedges. Look at COS and this Billion Dollar Blunder.If you were an oil company getting a 100 dollars a barrel and everyone is going broke around you, maybe you simply buy production rather then risk drilling. People are 'going to stop drilling and in six months the US oil produciton will fall by 2 million barrels. Companies that are Hedged will fair much better because the have more cash, get it, capish, is there something you dont understand here. more money for oil means you are going to get better