Futures

"Bottom line, the race is on; between falling demand and falling production," analyst Stephen Schork said. "Regardless of the outcome, one result is almost guaranteed ... the consumer will lose. And, given that consumer spending is responsible for more than two-thirds of the U.S. economy, that does not bode well for the strength of the incipient recovery."

Schork, you finally! finally!!! Said something intelligent. It felt good didnt it? Now all i would like to know is, who put the words in your mouth? It surely wasnt your usual Exxon/Mobil rhetoric.

"The resistance to oil sustaining above the $80 level is very strong. There are signs of economic recovery but so far, the signals have been mixed and the sustainability of the recovery is uncertain," said Victor Shum, an energy analyst with consultancy Purvin & Gertz in Singapore.

The signals have been mixed Dictor? Well which signals are you looking at Dictor? Unemployment ****** highest level since 1983? Leading economic indicators showing a slower than expected recovery? Or mortgage defaults increasing each of the last 9 months? I dont call that mixed signals Dictor. I would call that consistent news. Consistent BAD NEWS DICTOR. But then again, I am not making my money in the oil speculation business as idiots like you that quote this garbage are.

Whoa Dictor.....more "Mixed" signals.

"The resistance to oil sustaining above the $80 level is very strong. There are signs of economic recovery but so far, the signals have been mixed and the sustainability of the recovery is uncertain," said Victor Shum, an energy analyst with consultancy Purvin & Gertz in Singapore.

The signals have been mixed Dictor? Well which signals are you looking at Dictor? Unemployment ****** highest level since 1983? Leading economic indicators showing a slower than expected recovery? Or mortgage defaults increasing each of the last 9 months? I dont call that mixed signals Dictor. I would call that consistent news. Consistent BAD NEWS DICTOR. But then again, I am not making my money in the oil speculation business as idiots like you that quote this garbage are.

Meanwhile, the Energy Information Administration reported that the country's stockpile of crude oil fell by 900,000 barrels last week.
That’s interesting since an hour ago the API said it dropped by 2.2 million barrels. Gee, I wonder who API is?

• The American Petroleum Institute, commonly referred to as API, is the main U.S trade association for the oil and natural gas industry, representing about 400 corporations involved ...

Oh, I get it! That’s who API is. From now on, totally disregard everything the API says, unless you work for Exxon/Mobil. How crooked is this since any speculation drives oil up. How can stuff like this be legal?

Everything is still gonna be crappy for about another year or so. Un-employment is still up.... Figured we'd all be seeing comercials for the 2010 electric hybrids.That no-one will be able to afford.