The oil market is in the process of balancing after a very costly competitive battle between the US and Saudi Arabia et al. I doubt that any of them have the stomach to revisit that battleground again soon. You need to look at the marginal cost to produce oil, not deregulation, because unless a profit can be made the current administration's deregulation bent will have little impact on the amount of oil produced.

The balancing should take the oil price uncertainty out of the equation for purchasers of our processors.