[Eagles Talon IV]

Commodity prices, in this case oil, are emotion driven. There is no factual reason for oil to be at $66.00 bbl but because the speculators THINK weather will cut refining capacity and they THINK the terrorists will cause disruptions and they THINK China's demand and ours also will continue to increase they keep bidding up the future price of the commodity. But this can work both ways, When you start to see the "experts" calling for $105.00 bbl oil and this year yet then I believe the end is near for this run up.

[simon says what]

Commodity prices, in this case oil, are emotion driven. There is no factual reason for oil to be at $66.00 bbl

Commodity prices are supply/demand driven. The world needs xxx amount of oil per day and there is xxx amount per day pumped out of the ground. Demand has been growing faster for oil due to the emergence of China, India, SUV gas mileage, etc. Supply is constrained because the major oil fields are either in decline or pumping at maximum capacity. Hurricanes, terrorism, and any other risk associated with further limiting of supply will drive the price up but that is a supply driven issue....not an emotion driven issue.