The collapse of Oil Prices certainly caught most experts by surprise (although in handsight it should have been obvious to those in the biz), even T Boon Pickens (sp) was saying it would not last as long as it has and then he was predicting $80 a barrel soon.  So here we are and oil is still under $50.  The number of bankruptcies in the oil patch is certainly very high.

On the other hand, Iran is still ramping up and Libya and Venezuela are not pumping anywhere near what they used to. So who the heck knows when the supply/demand will balance?