get worse before it gets better? crude oil prices - record supplies about 58 days or something -cyclical demand, - recession Us, Europe and japan are in recession, they contribute , respectively , 10.1 trillion,7.6 ,2.8 while china and india contribute 1.6 and 0.6 trillion respectively us and europe , not likely to come out of recession soon get better - supply is constrained by lack of exploration, poor prices motivate little exploration, lack of financing avliable -china(blah blah growth etc) your opinion?