Oil Prices Will Drop Rapidly Over the Next Few Weeks

When Obama took office, the federal oil and natural gas production was about 24 %. When he left, it had dropped down to about 24%. The industry is very, very reticent to try and pursue any federal onshore leases. I think gas is going to be. five dollars a gallon in california this week end. Any idea what we could be facing in the next few months? It's just not worth locking up the capital for 16, 17 years.