ERHC Energy Inc (ERHE)

[Krombacher]

Maybe...but if we go from $20 a barrel to $25 a barrel...does anyone REALLY figure that a lot of these oil companies (which rocketed north today) are somehow, all of a sudden, profitable? Despite all the debt they carry?

Whiting Petroleum, one of the biggest players in the Bakken...filed for bankruptcy because of the ridiculous debt...and neither $20 a barrel or $25 a barrel will make any difference. Highly leveraged oil companies can't afford either price point.

I think that while oil prices rising is real...the rise in oil stocks in general is a bit nonsensical.

Krombacher