Yes, yes, eventually I shall be wrong. But a week ago here I called a bottom to the oil price decline before anybody else in the world did, and it has held, with the price fluctuating between $44 per barrel and $51 per barrel. My post simply reminded the world what most of it had paid no attention to that the Saudis had publicly stated that they were planning their budget on the basis of a world oil price between $45 and $50 per barrel (minor note that Brent is about 75 cents above West Texas, a near convergence after a long period in which they were unaccustomably quite a few dollars apart)for .
So, in that post I declared "You saw it here first," and this is certainly the case. Looks increasingly like the price is going to stay within the range that the Saudis want it to be for the near term.
In terms of details, for 8 hours a few days ago, the price went below $45, finally hitting bottom at $44, but after it rebounded it surged to $51, only to fall sharply. The market seems for the moment to believe the Saudis, and the latest closing price was a bit over $48. Deal with it and enjoy.