"JP stood his ground saying there will be much higher oil prices,,,,but then he snuck in at the very end of his response by pointing out that if there's a world depression, we indeed would see much lower prices."

Talking out of both sides?

I do recall and I was likewise surprised to hear him say that. It was right at the end of a clip that seemed cut-off or odd in some respect. I suspect they meant to edit it and add the word "temporarily."

I have nothing at all with which I can back up that statement / feeling however.

P.