Oil demand is beginning a slow, and fragile, recovery worldwide
Oil will get to 100 MMbbl/d again. maybe not in a year but it will eventually get there. Some economies will not only come back – they will thrive. I expect the US to become bigger and better as a result. Yes, I know. It does not look this way right now but I have also learned not to trust appearances. Its when they are cornered that Americans thrive. Its when the crap hits the fan that they are at their best. The new economy will require grit. Some countries will fail at this challenge – some will rise to new heights.