I am for saving our oil for the future. Oil will only get more rare.
Oil hit $50 a barrel not to long ago. If oil is an investment in our future, we must decide when to cash in. That time is coming. Besides if we wait too long it will lose its value and we will have saved it for nothing. Just like R12. I saved mine for a while. Sold it for $50/lb. Now it is worth alot less. There are too many replacements for it.
It would be an easier decision if one drunken captian did not try to power off the rocks and fill the whole sound with oil.
I say $60/barrel is high enough. We will be there next summer. Crank up the production at $60. Ratchet it up a notch every $5 after that.