Ted Peroulakis says to buy oil:

“The world’s utter dependence on oil remains unchanged.  I believe the upside for oil prices is now much greater than the downside in the near term.  I think the worst of the great oil bubble burst is behind us.”

Buffet:

“I still believe the odds are good that oil sells far higher in the future than the current $40-$50 price. “

and Boone Pickens:

“I say $60 before it drops below $40”