Are you betting your own money on that?
http://online.wsj.com/mdc/public/page/2_3028.html?category=Energy&subcategory=Petroleum
Lots of money to be made if you are right.
Go see if you can short sell any oilfield services stock right now. Find me ONE you can short. I dare you. All of them say "No shares of this security are available to short right now." The big boys ALREADY have them shorted.
Hedges.