Barron's

[mkarpoff]

An article in this weekend's Barron's concurs with your oil shortage scenario for the latter part of the year. In fact, it reiterates just about everything you have said vis a vis Opec being unable to make up for the shortage; ditto USA. It calls for a possible $100/bbl by the end of the year. Lastly, the author says this pullback is a buying opportunity.

[dan_s]

The global oil market is much tighter today than it was when the oil price was over $100/bbl and it is going to be MUCH TIGHTER in six months.