Track bankruptcies and oil/gas well closures. When the poor companies and the expensive wells close the turn around will be at hand. Meanwhile the smart- money will quietly buy-up the remaining companies for the eventual return to a balanced market. Which companies will survive? The ones which don't makeup losses by increasing volum, the smaller ones which did not hedge low prices and the salary factories. What about the future contracts f or delivery in the future at present bargain prices? They go up in smoke as bankruptcy takes its terrible toll. I suspect a few unhedged insurance companies will take a beating in the process.