you_can_call_me_Al

Forget $100 a Barrel - Oil Will Plummet to $30

Are gasoline inventories down because demand is up? I don't believe so. You may want to check the refiners' production numbers too. Not claiming any certainty here, but my expectation is that gasoline inventories are down because refiners are producing less in response to Americans driving fewer miles.

Nitpicking aside, your point is well taken. Some adjusted driving habits in America don't mean we've stopped driving altogether, or that India and China can be ignored. Oil won't go to $30 until there are a helluva lot of electric cars on the road. That will be awhile.

$100 on the other hand....