[nickcarraway]

Well, there is some advantage in it’s going down from $100 slowly. Namely, it’s good to see the pressure on to develop more supply. Eventually it will hit $20/barrel again, but who knows how long.

[OldMissileer]

Well, there is some advantage in it’s going down from $100 slowly. Namely, it’s good to see the pressure on to develop more supply. Eventually it will hit $20/barrel again, but who knows how long.

I agree.

While I would like to see much lower gas prices now I want enough pressure to open ALL of our options and get them running, including oil shale.

If the prices drop too fast we will get complacent again and stop domestic drilling.

[Uriah_lost]

I hope you’re wrong about that $20/bbl. It needs to be at $60+ to make domestic production more viable. If it falls too far too fast, the Bakken will stop being profitable and confidence will fall in our off shore explorers. I’m afraid that the Saudis are trying to manipulate the market to prevent us from doing what is necessary to make ourselves more independent.

[politicalwit]

Eventually it will hit $20/barrel again, but who knows how long.

Ain't gonna happen unless there is a total collapse in the dollar, euro and yen...and I mean a total collapse.