[crusty old prospector]

I suppose if they were getting those kind of rates then they may be on to something. Time will tell. Either way, the NGL market is flooded for the foreseeable future.

[ckilmer]

I don’t disagree with you on any of that.

This year may wind up being a wild ride for oil.

Back in 2008 as I recall the price of oil shot up over 120 @ barrel. That summer gas prices were way high.

But the high oil prices choked the economy and the economy tanked forcing down oil prices to a big low.

I don’t think that will happen this time. There’s enough excess capacity in Saudi Arabia to make up for most of any lost Iraqi production.

So for through this year there’s a huge tail wind behind the best drilling companies and a forgiving price environment for 2nd-6th tier drillers and wildcatters.