RE:Good read....Oils going up, there is no doubt about it. The freeze is just words. in reality there will be a shortage and we get closer to the every day. the glut is less than half what it was and once the word on the street is that we are close to "peak oil" where demand outpaces supply, and supply wont be able to come back on quickly because of lack of invesment and financing available... look out !! The media will latch onto that, and we have oil up $20 per barrel in one week. $60 oi is very easily doable by year end in my opinion. $80 or more next year.
Just my opinion, but it could happen and is far more likely than $20 oil and bankruptsies left right and centre.