[Flasch186]

i dunno, a guess. The Cantango is going to have a problem here shortly when the storage begins to run a bit hotter than they'd like so the expected profit'll get squeezed there (at the margin) forcing more supply on the market PLUS as the credit squeeze begins to hit more and more countries those that produce oil will want to move more barrels in contrast to what they say, since selling oil now (relative to demand) is better than cutting supply, hoping the price goes up and breaking even. Theyre all nervous and they dont see the scenery improvbing anytime soon.


All of the above is simply speculation, do your own DD.

I believe will tap a low for a while and then prices will go high er to feel some sort of stick in the 60$ range but who knows. I will pat myself on the back and say that I did say the oil trade was a bubble along with the commodity trade and whle I tried to dance around it at the top was able to avoid the pain on the way down. whew.