This mornig on CNBC an intevew with T Boone Pickens he said that in the time it took gasoline to roughly double the demand decreased 4%.  Apparantly oil has a more inelastic demand curve than previously thought.

Tonight on CNBC a Goldman Sachs analyst said that they expect oil to drop to maybe $124/ Bbl and then turn around and continue its upward climb.  The reason for decline was due to a little additional supply to the market(Saudi and a new field that came on line July 1).

Folks, our demand for oil seems to be insatiable.  I'm off to Denver the end of the month and Vegas just after Thanksgiving.  I doubt anyone will find anything any time soon other than oil derivatives to keep the airplanes flying.  Those groceries you buy every week take a lot of diesel fuel to get to the store and if you live out east, you need to heat with the same stuff.  Until we stop eating and heating our homes or going to work, I think oil is going higher.  Commentary:  Neither candidate is dealing with the real problem "Comprehensive Energy Policy".  Keep looking up, that's where oil is headed.