David39910

Perfect Oil Storm Brewing in the U.S.

MouseType makes a good point - there is not a lot of room for demand destruction in diesel. And if you really think about it there may not be as much DD with gasoline as you think. Folks may be consolidating errands and such but are they really going to not drive on vacation when for instance - it's 220 miles for me to the SC coast which adds around $24 to my round trip drive comparing $4 to $2.50 a gallon and 28MPG. I can justify that $24 with the bargain I can get on a hotel room and such.
Wait and see what happens if we get a Cat 3-5 that goes through LA or TX or if Bush hits Iran before he leaves office - I'd be suprised if he doesn't.