ERHC Energy Inc (ERHE)

[Julius Erving]

This is all IMO and I'm probably wrong in my thinking but I just had to put it out there so take it for what its worth

No, you are right, in essense.

But it is the same story everytime again. Low oil price instills short term thinking.

But not all act like this. The more $$$ companies have, the less they give about a short term oil-glut.

Hence, Saudi Arabia is not cutting supply, they have as much money as oil....

So, even signing a MOU for brand new offshore property in these 'difficult' times is pretty cool. Must be one of those big, well funded oilcompanies, trying to think ahead, and profiting from the current depressed situation.