Todays Presidential "statement of the day"....

. Come back in the middle of summer and we will see whose laughing then.

Better yet, come back in the summer of 2009, when tax incentives are cut from the majors. Think refining & exploration are slow now. Think gas prices are high now. We will be paying what folks in UK are paying. $5-6 a gallon. With the political circus, and the crude capacity vs. utilization uncertainties, we can only hope for the best at this point.