The oil price zombie.

Many of those on CNBC and around the financial universe have been chanting, praying, and doing rain dances in hope that oil prices decline. I decided to consult the best possible source when it comes to oil prices. Why not go with the man batting 1,000 on converting supply and demand data into great trading information (in more categories than just oil). He was the man taking the other side of the Amaranth trades (now that is guts!). For many it seems that oil is a zombie that just keeps rising from the grave rather than a commodity in a prolonged uptrend. Oil is going to $100 just based on supply and demand. Adjusted for inflation oil should cost around $102.97 per barrel (Inflation Calculator)

The current support in oil is at 85. As this chart shows, there is support everywhere.

Maybe it is time to think about conservation of energy rather than driving H3's