OPEC might say they are happy with $50/bbl but make no mistake the $75/bbl is their focus,IMHO $75 would encourage further investment and updates to infrastructure,if infrastructure is curtailed the comming recovery will be negated with an escallating Oil price that will pale the last hike in bbl($147).

I beleive curtailing hedge funds and their deritives has to be curtailed,let DEMAND and SUPPLY dictate the price and not the lies and deceit of speculation,nothing wrong with a rise to $75 so as to insure an adequete SUPPLY of Oil is available until ALTERNATIVES can be brought on stream and supplant Oil as the primary Energy maker....