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So the trend remains in place for oil to continue falling. Does it go much farther?

What's the what's the next support level and can it break through it?

Would Mackenzie's,

Skip York is with us, and skip,

people are saying $40, is that because it's a round number?

Or is there some significance to 40 as the next resistance point?

Well, I think it's helpful that 40 is a round number, but when we look at our well-head

economics, we see there just isn't a lot of oil that works sub 40.

So 40 is a good number to hang to because now that non-OPEC is in decline and demand continues to grow,

at some point we're going to need new supply to come into the market

to keep it balanced out if your cheapest oil in the non-OPEC world is in the

...