There is a lot of discussion on financial television about lowered U.S. demand for oil and gas in the face of increasing U.S. supply, particularly in a U.S. recession scenario. B of A analyst was on Fast around 12:30 today predicting a glut of crude will result in WTI as low as $50 in the next 12-18 months, unless Obama gives the okay to export oil and gas. (My guess is producers would reduce supply under $75.) People also are worried about the EPA getting pretty ugly in 2013. Canadian producers will benefit from ongoing demand from China and India--but will U.S.?