Maybe Dopey, I mean Derby will take me up on this. I say BTU sees 55 before it sees 70.... even if oil goes to 80 before it gets back below 70. Once again, BTU, great company, super longterm growth, just overbought and a billion dollar market cap increase on a 10 million dollar suprise in earnings is insane. You know as well as I if Iran cools or Nigeria is fixed or consumer demand for oil lightens up, oil falls back to 60 or below AND btu goes below 50.
Don't kid yourself, things are just going to get worse. The Iran situation is much more dangerous than people think and the demand for oil in the world is increasing dramatically. This is totally different than the 1970's oil shortage. China and India were not this big economically and even our own demand was not as it is now. Oil will get to $100 by summer, gold will go to $1000 by summer and prices at the pump will go above $4 by summer. So, stop fooling yourself. Just wait and see.