China demand is growing, by 2020 they expect to be selling 20 million cars a year. Saudi Arabia has cut production as of December. Venezuela production continues to decline. To be profitable, we need oil in the 80 plus range or alot of the expected production from the US will not occur. A dip below 80 is not sustainable, but is likely to happen especially US dips into Recession. It is also likely that the Democrats will finally realize that US oil and natural gas companies are not the enemy and actually stop demonizing them by adopting an all inclusive comprehensive energy program for the US. Which would be extremely Bullish.