[M. Espinola]

"Let me guess. Rogers is long oil. Am I smart or what?"

Since early 2004 he's evidently not the only one.

[Eagles Talon IV]

And they have made billions. More power to them. However the laws of supply and demand will never change and there is a point at which the demand for oil that is caused by surging economies will diminish as the coast of that which fuels their economy becomes something, due to its expense, that starves it. I believe that point is well before the $100.00 bbl mark. Oil is a far less important part of manufacturers profit equation then it used to be in the 70's, 80's and into the early 1990's. The pain is caused at the pump and since the consumer (spending) is about 2/3 of the economy it is the soaring gas prices that MAY cause the consumer to reign in his spending. That is what will bring the economy down and with it oil prices. The question is where is that tipping point?