[AFPhys]

I think that's true, too. I would not dare buy petro products on the commodities market now. This really smells like a super top to me. There is no taking into account right now how prices like this will lessen demand - and it will, though perhaps not in the US and perhaps not immediately, but it will happen. I noticed that the commodities markets contracts for the Dec07 are lower than Dec06... and that the '08, '09, '10, and '11 are about a buck a barrel lower each year. Smart long-term commodities traders are not anticipating runaway demand and increasing prices...

[AFPhys]

Energy --- October 05 Contract as of September 7, 2005
Name	Time	Open	Hi/Lo	Last	Settle	Change		Open Int.
Light Crude per bbl	9/7 15:02	65.50	66.60/63.80	64.37	64.37		-1.59	255,120.00
Brent Crude per bbl	9/7 14:39	64.60	64.62/63.25	63.02	63.02		-1.61	2,480.00
Heating Oil per gal	9/7 14:57	2.06	2.07/1.94	1.96	1.96		-0.09	23,180.00
Natural Gas per mmbtu	9/7 14:52	11.33	11.38/11.05	11.20	11.20		-0.46	88,427.00
Unleaded Gas per gal	9/7 14:55	2.07	2.12/1.98	2.02	2.02		-0.03	62,085.00