As I look at my monitor, oil is above 72 this AM. Yet I read that there is a prediction of oil in the 250s? http://www.guardian.co.uk/business/2009/jun/10/oil-market-reserves Not sure I buy the prediction of 250 in the next two or three years unless Geo-political events meltdown. Nevertheless, there was a great opportunity to get into oil while it was in the 30s....for those of you who took the risk..SMILE! But Plenty of time to get into oil now. It will be the "Hedge" of all Hedges against the inflation that is coming down the pipe, more so than US TRES, Dollar or Land.
Wouldn't you say we need margin or credit or leverage or cash to speculate to push up oil prices. These ingredients are not in place as they were back when oil went to $150.