I think you could theoretically say it could come back to 45 as it was post merger of Arco and Amoco. That I believe would be the bottom. Some folks may laugh, but consider this. The market is in a tailspin, albeit mabe for only three months. BP is about to announce it's lowerst earnings in years, so couple those two items along with continued uncertainty of TC, Thunderhorse, etc. $5 is not ouot of the realm!
Did you write that or did I? That expressed my sentiments EXACTLY. Used to be the Reps wanted smaller govt and that equalled lower taxes. Now they want to spend just as much (or more) and stick our kids (or grandkids) with the bill.
What bugs me the most is those who get so wrapped up in their party and accept that because they feel that "the other guy" is worse.
Both these parties stink and 40% (20% on each end) are still fine with it.
I still maintain..$80 is not obtainable until after the election. Watch....then if wrong I will eat crow. From the great Midwest....hangin there folks... we have a great country, great people, great recouprative powers...and hopefully great allies will remain.