this is not 2002. oil keeps heading up, but the opec and iran could basically over supply the market. i love the run, but you need a heck of a demand pop to wash out iran and opec. iran oil is probably out there, but opec isnt. its going to be tough to keep the lid on at prices over $70 for these guys. an old resistance line, and i mean old, and its probably no good now, was $75. now that price may be well north given the cost to produce a well now days. but that was the line and area i continue to watch.
Natural gas however is another story. this could really boost profits for names like xom. (i own that one too)