Re: oil
I cant speak for much on the demand front, but if Europe is coming back as reported, and if the usa continues to show 2pct growth, china continues to grow, I can not see oil demand dropping. I know we have electric and ng cars now days but I am not sure that will be enough to thwart demand. maybe there is more oil than we realize. I will say that the amount of cars on the road reminds me of that 2004/5 level here in indy. so simply basing it on traffic I would say we certainly have demand. I think the fuel efficiency has certainly played into the cheaper prices. it will be fun. 60 dollar oil would be the sweet spot and I think that is what many are hoping for. I continue to say to watch ng. I think this is the one that will spike first. spike is relative, but 6ng is not that big a deal and any hot summer, hurricane, or anything that would disrupt production may impact this big.