[Steely Tom]

When the so-called experts make such bold predictions, it usually means the opposite will occur, in the very near future.

Yup.

[burghguy]

Supply and demand are almost in balance, but no one can afford to do much exploration at these prices. I suspect we will see a spike again well over $80 before companies can get access to the capital necessary to return to large projects. Demand continue to grow and depletion at roughly 4% a year never sleeps, so we have to find new supplies just to keep supplies stagnant.