[thackney]

I must admit, looking with hind sight at the Non-OPEC supply versus global demand growths from the Summer EIA short-term energy reports, I have to wonder why wasn’t anybody talking about the constant more supply than demand growth, for nearly a year.

But I look at those things every single month and never gave it a second thought at the time, or even months later. I did not really click to that until December, HEY, there WAS a sign....

They put the two on the same chart with a couple years of quarterly summaries. I never read anyone talking about them at the time.

[nascarnation]

I watch a lot of CNBC, Bloomberg, and FOX Biz and don’t remember anybody talking this up before it happened. I do remember several gurus saying oil is 100 bucks or more pretty much forever.

[Zhang Fei]

I must admit, looking with hind sight at the Non-OPEC supply versus global demand growths from the Summer EIA short-term energy reports, I have to wonder why wasn’t anybody talking about the constant more supply than demand growth, for nearly a year.

Everyone figured China would soak it up. Then China had a slowdown. And if copper prices are any indication, it's the first significant one since markets were introduced in 1979.