I'm Mike Norman http://www.asmallheaven.net/replica-cartier-pasha-disocunt-uk.html, your host. My guest today is Chris Faulkner, CEO of Breitling Energy. Chris http://www.speedroc.com/replica-omega-planet-ocean-46mm.html, thanks very much for coming back on the show. Chris Faulkner, CEO, Breitling Energy (Faulkner): Thank you, Mike. Norman: So what is your outlook now? We see a lot of geopolitical turbulence hitting the market. We see WTI crude trading around $110. What do you make of it? Faulkner: Well, I think it was an 18 month high at $110, and we've had a lot of volatility that's created these tail winds for oil. We've got the current issue in Syria; what's going to happen there? I think we've got probably $8 built into the price for Syria. We saw some pullback just recently, because I think that now folks think a strike is not imminent replica watches uk Replica Breitling Bentley 6.75 - Replica Watches UK Sale, but may still occur. So we're going to see a little bit of pullback, but not down to $100. But I think, more importantly, Libya has been a bigger concern. Libya was moving up, as far as its production numbers re normalizing after the ouster of Gadhafi. Norman: That snapped back nicely. Faulkner: Now it's pulling back again. We're down to 300,000 barrels a day out of Libya; we were doing 1.6 million. So, literally, a very small amount. Norman: Why did that happen? Faulkner: Well, we've seen recently the security guards and the security personnel for the oil infrastructure in Libya have gone on strike. So we're seeing traders saying, "Well, maybe these oil assets could be attacked, production has been pulled back." And so Libya now is a major event. I think right now it's a major event even more than Syria replica omega Seamaster uk, as far as impacting our oil prices. And so we're going to have to watch carefully what happens there. But if Syria gets back on the map and a strike occurs, if Syria gets blown up or taken off the map, if you will, it doesn't affect oil, because it's not an exporter and producer of oil. But what it does affect is that things like Iraq could be a part of the picture, Russia, Iran. You've got Hezbollah which is a Lebanese fighter group that Iran kind of backs. And they've been involved in the fight in Syria. What if they would retaliate and attack Turkey or Iraq? There's a lot of oil coming out of there. If it spills into the Middle East, where a third of our oil production comes from, we could see prices of oil go from what are they today $108, or $110 and touch $150 or beyond. And that would be the record from 2008. We saw $147 in 2008. We could be there again if anything starts to actually materialize.