Thoughts on your energy stocks?

[hendi_alex]

There are oceans of crude just waiting to be tapped, but with extraction costs mostly between $40-$50, it would seem that would put a floor under the price once this excess production gets mopped up. I agree, probably one and a half to two years. Most of the land based wells deplete very rapidly during the first couple of years, and require an aggressive drilling rate to keep production steady or growing.