EZgreen....we are close to the average, 20+- 2.00, the low prices of 98' are at the extreme of the range, much like 80' was on the high end at 45.00.
Neither high or low is healthy, since growth demand for oil is rather inelastic (2.5 % a year). PKD is headed for 4.50 and later to 6.00, since all we are doing is correcting low prices. Hint: it was a "buy back at 12.00 on October 97'.
EZGreen...forgot to mention here is a neat site for your point and figure charts: dorseywright,com This eassy to read charts have been very accurate for me, all indications are we will test the resistance at 4.50 "today". To be on the safe side go ahead and place your order for a new VW Beatle, in case Khann's "Death Spiral" gets a hold of PKD.