From todays inventory report. Domestic production up 9.1% year over year. Net imports down 15.4% year over year Products supplied past week up 0.3% year over year. And thats even with crazy cold weather. Without that extra heating oil demand would be down year over year. So production is way up. Demand is flat at best. And the need to import is way down. But still we have to pay Opec $83 which is 30% above what we paid in 2007 when all world economies were firing strong. This can't be rationalized. Refineries have been mothballed all over the world because of poor demand. But yet the price of crude goes higher and higher. Don't even get me started about copper price with its record setting string of 70 days in row of inventory increases. But yet Copper closed at a record for any Jan 6th date in histroy. Seems Bubblelicious.