RE:RE:Lower for longerOil at $200.00. Ya, that was the mantra a few years ago. But really it doesn't matter. The more important question is whether the PoO improves high enough and fast enough for IAE to get through its RBL redetermination in the spring and right now it don't look too good. Oil is up today on another suggestion that OPEC and the Russians are going to cut a deal. Ya, and pigs will fly. Rig counts are also down, but with all the rigs no longer being used, the production of oil in the US has only decline 0.01%. Obviously the count of oil rigs is meaningless with regards to the PoO.