That scenario might burn people who bought in 06-07 but I doubt the drop will be significant enough to affect people who bought after the 20ish% drop.
The biggest flaw in his assumptions are that oil will return above $100 a barrel. Last I heard there was 4-5 million bpd of spare capacity. Plus 350-500,000 bdp of additional capacity is set to start hitting the markets next year.
Last edited by burn_this_city; 12-17-2009 at 10:10 AM.
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