Oil closed above $50 a barrel in New York for the first time in 10 months and U.S. production has fallen to the lowest in almost two years. Time to drill, baby, drill?

Investors are getting excited. The Philadelphia Oil Services Index jumped the most in seven years Monday, and energy producers in the S&P 500 index rose to the highest since November. Helmerich & Payne Inc., the biggest drilling-rig contractor in the U.S., said it’s starting to get calls from exploration customers.

http://fuelfix.com/blog/2016/06/08/oil-at-50-time-to-drill-baby-drill/

Lets hope Iran starts selling to drive this price down oil companies have been playing the world markets for way to long.

To encourage the necessary investment for a secure energy supply and to avoid $100/120 a barrel, a price of at least $65 is fair.