RE:Talking heads on oil futuresExcellent post Himmer.Level headed and thoughtfull.There are too many anxious people out there.Can't blame them really.Quite a drop today but it looks like oil may have been oversold.Seasonality plays a role as well as sentiment.Its better to look to next month.It can't get worse for the longer term.Refineries are not anywhere near %100 productivity either.US is still importing much oil.. Oil fields in the US are becoming more expensive to operate(fracking especially) Labour...fracking sand etc.The catalysts for price increase are not in the mainstream media.There is much that can be done to drop these artificial weekly estimates.How can the estimates be so wrong week to week?The fluctuations can be (and will be) remedied..but to say so would be
contrarian...and to days media is largely passive and misinformed...monkey see monkey do.Mainstream analysts just ape each other ..in other words.