Doug, after two years of the industry laboring mightily to harvest the highest greatest powerfulest incentive there could ever be, that is a doubling of price, production has hardly budged –still in the mid-high 80s of millions of barrels per day. The global slowdown coming into view will by demand destruction pull oil prices down some –most are putting the floor around 100 – 110, tho outliers say 80. But it won’t be at these levels any longer than it takes the globe to clean up its balance sheets and consumers to get their confidence back. I’ve sold none of my little positions in oil & oil service, but i’m kicking myself brutally for not bailing on June 15 and buying the same positions back now –that difference is making me nauseous. Must be getting too old for this stuff –not loose enough –too much second-guessing –need a better model than Mr. Sobersides, for this market. I’m back to where i was in 2006 if not 2005, on paper.

Sitting around like a big dumbstruck ninny while little St Elmo’s fires pop up and dance all around my comms gear.

“Oh, ya know whut? Ah thank Ah’ll blink muh eyes. Yep, ah thank ah will. Yessir, ah need ta blink muh eyes. well here goes!” (Blink) “Hoo boy, you did it, you blinked yore eyes. blinked ‘em good, blinked ‘em real good. Ain’t chew sumpthin!”