it might have been if the oil rally had any real substance. But its all nonsense. Once they make new rules on trading, oil is going to fall off the map
-Isreal could attack Iran soon -Gas lines in China for diesel on low supply Not bearish news for oil.
this would be a good time for Bush-II to show his leadership.... since it seems anyone complaining about the economic impact and destruction of life as most Americans know it, due to the unfettered rise in the price of oil, and how it is causing people on the ground to rethink everything about their ways of life, whether being a soccer mom and taking a trip to the grocery all the way to whether or not the police / fire trucks will roll on emergencies.... since anyone complaining of pointing out the negetive deliterious effects is being smeared with some socialist, communist name calling by those in support of these conditions, then, a simple solution would be for Geo Bush II to show his commanding, authoritative leadership and get out in front of this "thing" hey, after all, isn't he an Oil Man? hey, after all, isn't this what these last 8 years were all about anyway? hey, after all, with stocks going up, oil going up, with stocks going down, oil going up, hey, after all, isn't this what the Texas Delegation has wanted all along?
Gas lines because they're going to lower subsidies more, though. That's the word, fwiw. Maybe long term bearish? Who knows. Crude Oil
All of these 'bullish' excuses aren't that bullish. Look at the history of crude after blowoff tops ... It collapses.