Oil has headed fairly far south recently, and some people may expect a
drop below the 50 dollar range, I think that that would be a fallacy.
Demand has shown support around 84 MMBPD, and I don't think that its
falling. This can only suggest that we are in a decent buying period.

The dollar is strong and commodities are down. Obama is trying to
bolster personal and legislative support by promoting the economy as
strengthening. Soon the Fed will take the bait and raise rates. When
this happens we will be seeing the kickoff to an inflationary period.
Prepare for commodities to strengthen sharply.

Note that high commodities prices also support a green energy agenda
from the government.

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