IEO is set for a long term bull market

I am thinking oil is about to hit the bottom and consolidate at 30-40 for some time, then the bottom will move higher, it's a long term investment.


because demand won't change quite a bit short term,(5- 7 years),so when price war come to an end, price will move higher, but not a bull market, it will just consolidate, but longer term, it's a bull market, and currently 20$ oil is perhaps the lowest level you can get.