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I expect it to come roaring back even if recovery never happens (which looks likely to me).
by tjbuff (timhess@adelphia.net) on Fri Jan 2nd, 2009 at 10:12:27 AM EST
[ Parent ]
If in the ensuing turmoil the Straits of Hormuz close, certainly.

Otherwise it will come creeping back as low cost oil depletes and the price has to rise to the point that justifies bringing more expensive oil online.


I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Fri Jan 2nd, 2009 at 12:07:31 PM EST
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