surprisingly quick..

We've melted off about $15 a bbl over the past month.. the rally since January looks like a dead cat bounce with Iran.. China in freefall.. et all.. and yet with all that we are ONLY at $47..

Golly you'd think we'd be trading $10 crude with this kind of news..
.. 
I think the pullback in prices for nearing the end of the US Summer driving season has been.. orderly.. no big surprise.

This fall should give the gov't an opportunity to square their books.. "golly I guess we didn't pump as much as we thunk"  The same ol samo games they play in the grains... but it will be at lower seasonal demand levels..

We're flirting with ALL TIME RECORD Gasoline demand.. and nobody is really talking about this much (other than me..)

The cure for low prices are low prices.. I'm not saying the down move is OVER..

just the Wayne Gretzke approach.. 

"It's not where the puck IS.. it's where it's GOING.. that matters..."

Crude isn't going to go down forever... it's time to start planning for that eventuallity..