RE:Gasoline glutYou have to ask yourself where are these builds coming from. It's not from production and Cushing has been drawing mostly the last couple of months now. The numbers don't seem to be adding up, it may be the US selling some reserves. It may also turn out that many oil producing nations were exporting out of storage. For whatever reason something has been holding the oil price up even with all these builds that have been showing up lately, they may have been expected but not by the high numbers we have been getting. Refinery rates have been low the last couple of weeks and still have a few more weeks to go but your guess is as good as anyone elses. I actually believe the market is balanced now and no disruptions are built in the oil price or any geo political events. If it turns out that there is no spare capacity and the Saudis. Iran and Iraq have been selling from storage we may see a spike but that's just speculation. All I know is every Wednesday we get a bearish report and oil pulls back for about 10 minute and then bang it goes green. Come Tuesday we trade on April contract and tha's in the high 53's and things can change in a hurry in either direction but right now I i would bet on the upside. The cuts will just start to work through the market and it's only been 2 months so higher demand and less supply tells me that's it's a big difference than last years scenario. US, Canadian and Brazil prodution isn't enough to cover the increase in demand or other nations loss of production. Tick Tock and every month that goes by we need another 100k oil globally, it may take longer than many expect but sooner or later demand will outstrp supply. OPEC countries were all overestimating their production so they could get a higher cap and Iran is already delaying hitting their numbers. History always seems to reapeat itself and we are just in a cyclical downturn and 100 dollar oil will be back but who knows when is the question. If oil stays down here where is the Capex going to come from to meet the hgher demand, most companies can barely keep their production at current levels at this price. The trick for investors is to outlast this downturn, trade when we can and book our profits and ride out these prices by holding on to positions built during these down times. Those who are here in a couple of years with large postions will be rewarded big time. Funny how no news in the media about storage running out like we were getting last year, call me crazy but I think we are in the early innings of a turnaround.....mgba