Sharky:

The crisis is severe, but only in certain sectors..I strongly believe that the media blew the whole thing out of proportion when it began, in order to influence the U.S election. Once the Genie was let out of the bottle panic set in and now we're here..I also STRONGLY BELIEVE that when countries started to make shorting financial institutions illegal, the shorts moved to other sectors. this is why we currently sit at .67..ALL SHORTING should have been made illegal..

CLL had to postpone further Algar construction, they need the cash on hand to ride out the storm, it buys them a few years of survival at depressed oil prices..

Oil is going down because the SHORT sellers are currently controlling all sectors of the market..Monies will always be made, wether going up or down. Another factor is that OPEC always makes threats, but never cut production. If they keep their word oil prices will rise.