satch63

Why Cheap Oil is Great for the Majors

Your understanding of BP-TNK issue shows how little you understand about the issue.
If you were assigned by BP your bonus and living package was soi in excess of other TNK employees it became an issue.
The out going President was so pro BP anti TNKBP it is no question he was causing the company problems.

OPEC's Cuts Can't Fight Global Recession Headwinds

OPEC members have an interest in keeping a share of the energy market. Crude oil in the less than $70 range will discourage alternative energy development therefore do not be too happy about lower prices.

Crude oil in range of $80 makes tar sands and alternative energy sources possible.

Demand is now down but the battle for long term reasonably priced fossil energy sources will continue.
Lower prices mean the public companies will pull back and the nationally owned companies (China, India, Russia) will continue pursuing energy for the future and public companies will take second place.