i wish that were so, but i'll believe it when i see it. However, i'd rather see nat gas go up.

found this at:

http://www.houstonenergyanalyst.com/Predictions.html

"Oil grinding lower. Will follow equities markets:

As noted on the Energy Week show this past Sunday, I'm looking for April crude oil to start off the week on a slightly higher note, pushing up to the $41-$42 area, but I don't expect too much of a rally to unfold. I do think we have a potential to re-test the $35 or lower area this week as well.

For the most part, oil futures are likely to follow closely to the stock market. Even though we saw a sell-off in equities last week, which began to test the November lows, we didn't get much follow-through to the downside. This tells me that we COULD see a bit of a rally in stocks first, before the bottom falls out.

With regard to the stock market -- let me be very clear about this -- I'm expecting an major sell-off in the stock market to emerge at anytime! As I've been saying since last November, I'm expecting the Dow Jones Industrials to plunge to the 5,500 to 5,000 area. This is now becoming more evident to me that this massive collapse is likely to occur anytime now. When this happens, look for crude oil prices to tumble down well below $30 a barrel.

Natural Gas Predictions:

As discussed on the Energy Week show, I'm looking for a slightly higher trending March gas futures contract early in the week on Monday, followed by erosion in prices as expiration for March gas happens on Wednesday. I'm looking for natural gas to fade back down to the $3.90s-area again. If violated, look for prices to erode further, down to the $3.85-70 zone going into expiration.

Regarding the longer term view: March gas has recently fallen to a level approximately equal to the low price of the year for ’02, ’04, and ’06, while the one-year strip price fell to the lowest level since ’04. A short-term correction is well overdue, and the higher close last Friday may have been a signal that we are going to see a one, but not before we plum lower numbers first. The weak economy, a waning heating season and a glut of gas production don’t bode for a big price rally, but the passage of the monumental stimulus package may be enough to put a floor under all commodities. We may be near the reversal from the bottom that is a sign to buy longer term gas (and electricity)."

(please note, this is a weekly forecast, so it's pretty much short term. but some long term forecast can be extracted.)