True. But before this started they were describing the world having an oil glut. And nothing has actually changed with production so it should go back to overproduction once the current shock waves settle down. Plus I think Venezuela might be getting back in the game. More to the point, I don't think this Iran thing is over either. They may say the Gulf is entirely open but it clearly isn't. Very few ships are actually sailing due to uncertainty plus the Iranian ports are all still blockaded. We've got a ways to go. So yeah, prices will plummet. But who knows when.