The fundamentals that brought the prices of oil up 66 percent, are still in place. Selling close to book value is hardly the type of stock an investor would short, correct..?. The "Death Spiral"
"the Buck-A-Gallon Gas", "Santa Claus" and
"Wally World" are all great fantasies of the XX century. Years from now in to the new Millenium, our grand children will ask us: "Grand Dad did gas ever sell at a buck a gallon..?" We will scratch our heads hard and reply. "yes sonny boy guess it did..!, but can't remenber how long ago it was, all I seem to remenber (smiling) was a joke about a "death spiral striking PKD".