And how many times over the last few years have we seen world oil demand increase by over a million barrels per day per year?

There are numerous studies that point to the shale basins having increasing difficulty maintaining production declines and continue growing production at roughly a million barrels per day per year as the volumes grow. While the shale plays are vast the sweet spots they have been high grading make up a small portion of the reservoir. Sooner or later these companies are going to have to grow production from cash flow and still provide investors with stock appreciation or dividends, something that hasn't been occurring during $100 per barrel oil let alone $48.

How many times have we seen NJP give his own comment a like? It has been pointed out to him/her on numerous occasions that everyone understands that you liked the comment otherwise you wouldn't have posted it.