He feels the cost of a barrel of oil will be falling into the $20ís in the future. I cant see the oil companies letting that happen, but it sure would be nice.
We will definitely see $20/ bbl oil in the future. We have seen it in the past (heck, we have seen $12 not too long ago). I don't know when, but I would guess it would be the date that the first new nuke in the US goes on line, given the history of utilities missing the market.