who indeed?but that's the name of the game,IMHO we wont see the Hedge funds and irresponsible trading that precipated present economic fiasco,what we will see is all economies trying to recover as quickly and as sustainable as they can,already a large portion of infrastructure spending is geared to highway rebuilding etc ,this will put a DEMAND on OIL that along with a recoverey in the manufacturing will only increase DEMAND,for me $100+ plus Oil must be the new norm,the sooner this is seen and accepted the sooner alternatives can be brought on stream to eliviate dependancy on OIL and its derivetives,.
As stated in previous post Oil SUPPLY has diminished by some 9.1% all the while DEMAND has dimished by less than 10%,I suppose that sounds equal until one realizes there is nothing that can be done about SUPPLY (there just aint no more) what SUPPLY of Oil thta is left is going to require a much better price than $100 "a chicken and the egg scenario "if you willIMHO in this case the price will dictate how anxious SUPPLY can be gotten ????