The market is slightly to the downside today as consumer confidence and tech is a drag on the market.  Oil has hit yet another high today of 128 while GS raised their second half 08 oil estimate of 141$ per share.  The fact is that oil is here to stay, I seriously doubt that we ever see 100$ oil again, at least for a very long time.  There is just too much growth on the demand side.  This does create a fantastic opportunity to build positions in both RIG and NOV knowing that exploration and capital expenditure in this space is going to skyrocket.