RE:Saudi Arabia wants to drive oil down to $20 next yearI will come down to financing. I expect that what we haven't seen so far is some high profile defaults. Many balance sheets are stretched out and if they've pledged property or production to collateralize debt I expect that bond holders will be getting pretty nervous out there. What do you think oil properties are worth these days? The economics of producing at these levels becomes pretty tough as well. Cash flow dropping yet again has got to make even the best operators twitch their sphincters. Not making any call on oil price but I remain convinced that the best cure for low oil prices ...is low oil prices. I was loath to sell at $2 so there's no way I'm selling at $1. I absolute terms, do you think oil can drop as much as it already has? Can BNK? No way!! BNK has dropped roughly $5 since the oil rout started. It drops another .50 cents, big deal.