For 5 years the price went up as America consumed more and more. Now finally America has hit its breaking point and consumption is down alot. And demand only going to get worse later in year as airlines cut back on capacity I.E. AMR. CNBC running OIL Crisis Prime Time Special same day Crude opened 135 and reversed on record volume. I would not want to be long crude here over next 8 weeks. Too many things could send it crashing. (1) reality that demand is actually falling finally in America. (2) Congress demanding SPR release. (3) China and other countries reducing subsidies. (4) OPEC surprise production increase. Opec can't be happy with all this media attention. They need the world to keep buying SUV's and not find alternative fuels ect. OPEC my try to get the price down 10% quick here. They've got $95 as their budget for 2008. They don't care if it falls to $110. (5) The economy could take next leg down.