[HamiltonJay]

Moreover, inventories in the U.S. and Asia are at a 20-year high.

Oil is a $35 to $40 bbl commodity TOPS.. every penny over that range is purely futures manipulation and greed. You want the price of oil to drop.. enforce and reform the laws and regs on the futures market. Frog march some of these criminals and you'll see the price fall real quickly.... Don't wait for it to happen though.

[Blackirish]

Frog march some of these criminals

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For what? Playing the market?

[William Tell]

HamiltonJay said: "Oil is a $35 to $40 bbl commodity TOPS"

What has surprised me is the fact that US consumption has really not declined all that much given the dramatic price rise.

If consumption in the US remains at 98% of the consumption prior to the price rise, what would motivate anybody to sell for $40 per barrel rather than $70?