unimpressedpragmatist

Support for Crude at $111?

While you are busily constructing your charts, reality is marching on. As noted by sharksm in the comments, charting is useless in energy markets. They move too, quickly, to be plotted in the real time framework in which they exist.

Incidentally, did you notice that oil went over $121, today? Speculators have played out their shorts strategy, taken more egregious profits, and are, now, driving up prices, again. Meanwhile the stupid Democrats in the Congress, led by the dimwit from San Francisco are taking their full 5 week vacations as if nothing is wrong, anywhere, in the world.

If the electorate re-elects these yo-yos in November, they get, exactly, what they deserve. The Repubs are not much better but, at least, they recognize that Drill Here, Drill Now is the only viable solution to the energy crisis.

Rep. Kanjorski's Unreasonable, Unconscionably Ridiculous Idea

Remember people, you are ultimately, responsible for what happens in Congress. You elect and continue to reelect the same idiots, election after election. So, you must live with the consequences of your poor decision-making. And, yes, your representative is as corrupt and clueless as the next person's. Either change it or live with it. Your call.