OK - Oil is a big voluminous bubble which will eventually pop, and when it does the market will resume an upward trend and at a rapid pace. I wouldn't want to be left watching on the sidelines. Trees do not grow to the sky. There's nothing in the supply-demand equation to warrant the horrendous increase in oil price we've seen between now and one year ago. I know, I know, global demand, peak oil, ...it's different this time.

Let me add that none of this speculation on future market direction will affect my investment philosophy. It is all noise in the long run in my view.

Regards,
Jerry