Brian,

I hope that your HOPE will prevail.

IMO everyone should hope for the best but also be prepare for the worst. CLL board of directors did not provide any wisdom for this downturn. Can you count on them in the future?

There were clouds on the horizon in late summer. Unfortunately CLL was on the spending spree. If you would listen to their November Conference Call you would thing that the good time will never end. I recorded it on the MP3 and recently refreshed it. Annalist concern were dismiss. Only one month later CLL executive officers start to panic.

Sharky,

More and more O&G companies giving their 2009 updates based on the $50 Oil. Personally I have no idea. What I know is that the we have world wide recession. The Oil demand is dropping and the storages are full. OPEC is cutting production but so far this has very limited effect.