ERHC Energy Inc (ERHE)

[midtieroil]

Oil prices went up far more before the OPEC cuts and had already recovered to the $50 level on their own. OPEC cuts have helped minimally because the production in the US has increased dramatically. This is mainly due to increased production in the Permian Basin.

These are all actions that I correctly predicted. Years of saying oil prices are going up by the uninformed only resulted in a further drop to 25 followed by a recovery to the 50 to 60 range which I also predicted. It will now stay in that range for the next year or two.

In any case, it is too late for ERHC. They are toast.