[dirtboy]

It’s a world-wide fungible market, and world demand for oil is soaring, due to China (now the leading manufacturer of autos), India, Brazil and other developing nations. Supply-and-Demand analysis needs to include within its scope the entire global market.

Please show where global demand is soaring over the last year. Please show where oil demand over the last few months in the countries you mentioned is soaring.

We were told in 2008 that Asian oil demand was soaring. It wasn't. Which is why the bubble popped.

[JCBreckenridge]

If you’re into oil stocks, now would be a great time to sell - Barry O isn’t going to be able to keep funding his deficits. When that happens, we should start to see deflation again as we saw in 2008.

The only reason why gas is going up and the dollar is worth less, is because of how much he is devaluing the dollar vs commodities.