Whether you believe its Peak Oil or Speculation does anyone believe this to be a valid move in CL. My question is how can the price at which we value this commodity change $16 in two days? A side note, CNBC bothers me beyond belief. They have the oil tracker on the bottom of their screen. They have special programing focusing on oil. They talk about oil ALL day. IMO putting so much focus on the commodity only perpetuates its upward move. So I would like to hear some answers? I don't care which theory you subscribe to. How is this kind of super spike possible in a commodity?